China’s once free-spending consumers are holding back, hitting luxury brands particularly hard. But this doesn’t mean people in China don’t have money. They just now prefer saving it. According to official data…
Tag: consumer
Arizona Iced Tea founder explains why he’s bucked the inflation trend and never raised its iconic 99-cent price in 32 years
Don Vultaggio, the cofounder and CEO of the company behind Arizona Iced Tea, still sells his product for the same price as when it launched 32 years ago — 99 cents. Vultaggio…
Temu is trying to win over America. Good luck.
Get ready to see a whole lot more of Temu. The Chinese-owned marketplace spent millions of dollars on ads during the Super Bowl. It’s a sign that Temu is gearing up to…