Consumer Spending Archive

The 10 Commandments of New Consumerism

LONDON, United Kingdom — For decades, a brand’s only priority was to create the best possible product at the most competitive price to ensure sales. But as consumers develop a more comprehensive understanding of issues like sustainability, authenticity and transparency, brands and retailers are being forced to change the way they sell in order to survive. This change in consumers’ attitudes has a term — …

Bags and Bling, Tourists Seek Bargains in Brexit Britain

LONDON, United Kingdom — The sharp fall in sterling since Britain voted to leave the European Union has encouraged tourists to go on a spending spree, providing a little relief for the economy as it faces an overall sharp slowdown. Foreign visitors have helped boost high street sales since the referendum on June 23, Britain’s official statisticians say. London’s West End shopping district has also …