High Street
Customers to cut clothing expenditure as inflation hits 8.8%, study finds
Data from Braze also shows that 82% plan to reduce spending for the rest of 2022 on non-essential items
New data from Braze confirms that people will primarily cut down on retail spending to help tackle the cost of living squeeze, with almost 90% of young people ages 25-34 say they will be cutting non-essential spending with the aim to lessen the blow on their savings.
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