The CEO of Système U analyzes the cumulative effect of inflation and climate change awareness on the purchasing power of the French.
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LE FIGARO. – At the moment, consumption is resisting inflation. How do you explain that?
Dominique Schelscher: – In fact, we have been seeing signs of weakening for several weeks. Non-food consumption is already declining, particularly in the textile and market sectors, where the decline is significant. The French go straight to the point. Even food consumption, which is still globally stable, has not been spared. Customers are abandoning traditional fresh food departments (butchers, cheese shops, fish shops, caterers, etc.), buying fewer big name brands, turning to private labels and first price products. Even the richest people no longer hesitate to frequent discount stores. The most modest households, which make up 16% of the population, primarily “consume”…
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Source: Le Figaro
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.