Latest Breaking News On - Ith around 62 revealing they actively choose to buy cheaper or discounted products quot that australian consumers are facing economic challenges is no surprise - Page 1 : comparemela.com

Research shows 80% of Australians more discerning and selective in purchasing decisions SYDNEY, June 28, 2023 /PRNewswire/ New research from Manhattan Associateshas found that 80% of Australians are now more discerning and selective in their purchasing decisions compared with twelve months ago, creating a significantly higher barrier to sale for local retailers. Canva retail store shopper Between inflation and interest rate rises, consumers find themselves caught in a relentless economic squeeze. This is causing some shoppers to stop spending altogether, with 33% saying they hold off or defer purchases until sales or special deals, and more than 51% even admitting they hold off or defer purchases indefinitely. Research also revealed that 85% of Australian shoppers are researching products more thoroughly prior to making a purchase compared to previous years, with around 62% revealing they actively choose to buy cheaper or discounted products. "That Australian consumers are facin

New south walesNew yorkUnited statesRaghav sibalManhattan associatesManaging directorResearch shows 80 of australians more discerning and selective in purchasing decisions sydneyJune 28023 prnewswire new research from manhattan associateshas found that 80 of australians are now more discerning and selective in their purchasing decisions compared with twelve months agoReatinga significantly higher barrier to sale for local retailers canva retail store shopper between inflation and interest rate risesOnsumers find themselves caught ina relentless economic squeeze this is causing some shoppers to stop spending altogetherIth 33 saying they hold off or defer purchases until sales special dealsNd more than 51 even admitting they hold off or defer purchases indefinitely research also revealed that 85 of australian shoppers are researching products thoroughly prior to makinga purchase compared previous yearsIth around 62 revealing they actively choose to buy cheaper or discounted products quot that australian consumers are facing economic challenges is no surpriseUt the fact that shoppers are increasingly hesitant to part with their money creates headaches for retailers looking convert sales in an environment where consumers have no concerns about walking away froma sale if expectations not metEtailers have no margin error