Suzanne Kapner
speaker
353 appearances
8 recordings
1 series
first heard Apr 2020
last heard Feb 2024
Suzanne Kapner’s voice in public audio — every appearance, attributed to the second.
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Appearances
We're no longer in the kind of free spending days that we experienced as we just came out of the pandemic.
And consumers are really having to decide, you know, how much they need or want something.
So there are a lot of signs in the economy that point to a potential recession.
We've seen a lot of layoffs, especially among white-collar jobs.
And the pace of inflation over the past few years has really crimped consumers' budgets.
We saw in some recent spending data from the government, consumers are dipping more into their savings to make purchases.
The companies that are able to continue raising prices are selling things that either consumers really need or really want.
So it's either a sign of necessity or a sign of brand heat.
Like your brand is so hot and consumers really want what you're selling, they're willing to pay up for it.
Well, Kate Spade has this purse that's in the shape of a dog that costs $500.
It is one of their best-selling handbags.
And for a lot of people, that's not an inexpensive outlay, $500.
For what is a really very novelty bag, it's certainly not a necessity.
But they are, you know, selling like hotcakes.
Well, Procter & Gamble said recently that consumers continue to spend, even though it raised prices about 10% in the last quarter, and they're spending heavily on things like pampers and tie detergent and stuff they really need.
Consumers are having to make choices, right?
We're no longer in the kind of free spending days that we experienced as we just came out of the pandemic, you know, a year or two ago.
And consumers are really having to decide, you know, how much they need or want something.
Well, certainly, all kinds of costs continue to be elevated as inflation remains above pre-pandemic levels.
But we are seeing some signs that the price increases might be going beyond covering those higher costs.
Showing 81–100 of 353 · page 5 of 18
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