Chinese Consumers' Decreased Spending Hits Western Brands' Sales, McDonald's Attracts Affluent Eaters Despite High Prices
Chinese consumers are spending less, leading to a decrease in sales for Western brands like Apple, Estée Lauder, and Canada Goose. McDonald's is facing criticism for its high prices, but it is attracting more affluent eaters. In the face of economic headwinds, Americans are splurging on little luxuries from Starbucks to Wingstop to Chipotle.
Sources
WSJ China Real Time
Chinese consumers are spending less—and Western brands from Apple to Estee Lauder are feeling the pinch. https://t.co/52TBBKec8w https://t.co/52TBBKec8w
Bloomberg Economics From Starbucks to Wingstop to Chipotle, Americans are splurging on little luxuries in the face of economic headwinds https://t.co/q0ODHZqBRU
Axios McDonald's is attracting more affluent eaters https://t.co/k6rHMGi4lK
The Wall Street Journal Chinese consumers are spending less—and Western brands like Apple, Estée Lauder and Canada Goose are feeling the pinch https://t.co/eoDQAMFfS1 https://t.co/eoDQAMFfS1
Daily Mail Online McDonald's customers slam fast food chain for charging 'crazy' prices https://t.co/0QotfqqmE0 https://t.co/yH0ZamYztm
Special Situations 🌐 Research Newsletter (Jay) China's deflationary https://t.co/EHQLbLz6Lp