The positive effects of perceived pent-up consumer demand could be lost in the Great Tradedown.
Analysts and economists agree shoppers are getting tired of reining in spending. But even with their self-control weakening, a budget-breaking spree seems unlikely. Consumers are more likely to shop the off-price channel, snatch up discounted goods or treat themselves to a special gift.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"