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Companies shift business focus to wealthy customers as lower-income consumer spending stalls

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From airlines, retail giants, and restaurants, industries are increasingly tailoring their offerings to appeal to higher‑earning customers as they continue to take up a growing share of their customer base. Fast food companies are offering premium menu items to draw in such consumers who are far less likely to cut back when prices rise, all while major U.S. airlines are in 'arms race' to unveil upgraded luxury suites. While they were once geared primarily toward business travelers, business class has now become a profit center, helping airlines offset declines in demand for economy seats. Reta...

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Business

Companies shift business focus to wealthy customers as lower-income consumer spending stalls

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1 hour ago

On HALO

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Thu, 08 25

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Thu, 08 25

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Thu, 08 25

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