Macy's: The structure of the U.S. economy is gradually shifting to an E-shaped trend, with weakening consumption power among the middle class.

格隆汇 March 19｜Department store retailer Macy’s stated that the structure of the US economy is gradually evolving from the previous K-shaped divergence to an E-shaped trend, reflecting a weakening consumption momentum among the middle class, which may have a profound impact on the retail industry. The company’s CEO Tony Spring pointed out that the market has shifted from a polarization between high and low incomes to a three-tier consumption distribution. Over 50% of Macy’s sales come from middle- and high-income customers, with its subsidiaries Bloomingdale’s and Bluemercury accounting for more than 75%. Low-income consumers focus on essential spending, while middle- and high-income groups continue to pursue fashion.