Goldman Finds "Thrift Trends Outperform" Amid Consumer Slowdown

Goldman Finds "Thrift Trends Outperform" Amid Consumer Slowdown Goldman cited new data in a note to clients on Monday from Placer.ai, a startup that tracks and analyzes foot traffic from mobile devices at brick-and-mortar retailers. The data revealed that consumers continue trading down to 'off-price' stores as elevated inflation and high interest rates financially squeeze low- and mid-tier consumers. The team of Goldman analysts, led by Brooke Roach and Evan Dorschner, told clients they updated their "trackers for August store traffic on a visits per venue basis (sourced via Placer.ai)...