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October 11, 2008 7:37:53 AM CDT

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Shopping in US Looks Like the 1970s: Analyst

Posted Jul 20, 08 8:01 PM CDT in US,  Arts & Living,  Business 

(Newser) – Retailers and marketers are closely watching American shopping trends, knowing that recession habits can linger for years, the AP reports. Studies show that 63% of Americans have cut down spending by coupon-cutting, biking to work, and buying store brands. They're also buying smaller cars and shopping at discounters. "We are looking at stuff that reminds me of the 1970s," one investment manager said.

According to the latest US shopping stats:

  • 78% of Americans are combing shopping trips.
  • 52% eat out less often.
  • Sales at discounters spiked 5.1% and 9% at wholesalers last month.
  • Sales slumped at department stores by 4.1% in the same study.
To see more, click on the link below.

Source Associated Press

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Shoppers leave a Wal-Mart store in Cheektowaga, N.Y., Thursday June 5, 2008.   (Associated Press)
A Costco shopper leaves a Costco in Redwood City, Calif., Thursday, June 5, 2008. T   (Associated Press)
The company sign hangs over the hood of an unsold 2007 Fusion sedan at a Ford dealership in the east Denver suburb of Aurora, Colo., in this file photo.   (Associated Press)
An Old Navy shopper looks at clothes at an Old Navy store in Redwood City, Calif., Thursday, June 5, 2008.   (Associated Press)
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auto industry  • Wal-Mart  • Toyota  • consumer spending  • consumer  • consumer goods  • consumer products


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