I think it’s likely both. People are broke and spend less, and what they do spend is at a company that they feel hasn’t sold them out. I can’t tell which one is having the bigger impact though. The data on the subject should be interesting either way.
I think it’s likely both. People are broke and spend less, and what they do spend is at a company that they feel hasn’t sold them out. I can’t tell which one is having the bigger impact though. The data on the subject should be interesting either way.