Day 9 | The impact of cost of living expenses on consumer spending power
The rise in cost of living expenses has had a significant impact on consumer spending power this year. Today’s results reflect this as well as a slowdown in consumer spending which has contributed to a weakening in pedestrian traffic.
Report
MRI OnLocation NYC Monthly Commentary – January 2024
Each month MRI OnLocation delivers insights on retail performance for downtowns. January witnessed a traditional post-Christmas slump with pedestrian traffic in NYC downtowns declining by almost a quarter from December to January.
