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CNN CNN This Morning June 4, 2024 12:37:00

Americans have just really changed the way that they shop. you know, people are trading down. that means going to cheaper brands. cheaper products for groceries. maybe that means getting regular fruit and vegetables instead of organic for electronic. that can mean getting the tv that has the best deal instead of the one that has all the best features. and you know, we ve heard about this trend anecdotally, but these new numbers from adobe shared first with cnn. and really put an exclamation point on how this is playing out. online where it s actually easiest to price shop. so adobe found that across all 11 e commerce categories, the lowest priced goods are gaining market share, and the highest priced ones are losing. so, for example, let s look at groceries in early 2019, the lowest priced tier of groceries had about a third of the market. but look at that today, now half of the market same things playing out ....

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