Think of It as Scaling Down
"It's not all doom and gloom in the U.S. economy," Deb Riechmann says in a recent AP article. "Some products are bucking the recession and flying off store shelves."
Folks still have to live—and indulge a little—even in a recession. That's the message of this report, which gives an overview of the changes in consumer behavior since the Wall Street meltdown. It seems shoppers really aren't giving up the things they love; they're just scaling down their choices. Here's a sampling of the cited changes in consumer behavior:
Wine drinkers are still imbibing—but they're "looking more closely at cheaper selections."
Used car sales are on the rise, as are parts at auto stores.
Sales at Goodwill Industries are booming—while those at luxury retailers like Saks have plummeted.
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