Consumers are buying fewer things, purchasing more big-ticket items online, and continuing to shop primarily in-store for everyday products, such as groceries, according to recent research from Walker Sands.
The Future of Retail 2019 report was based on data from a survey conducted in March 2019 among 1,600 consumers in the United States.
Two-thirds of respondents of all ages, and 72% of those age 18-35, say they are buying fewer things because they have become more conscious of keeping a clean, organized lifestyle.
In part because of this shift toward a less-is-more mentality, consumers are increasingly renting products: Some 17% of respondents age 26-35 say they have rented clothing in the past year, and 15% have rented furniture.