American Consumers Are ‘Under Pressure.’ That’s Hitting Companies’ Sales Forecasts | Global News Avenue

Executives say the economic unrest marks the past year has not disappeared.

Americans are worried about the economy, and anxiety will lead to the shrinking prospects of many companies. Female retailer J. Jill (GillExecutives say people are increasingly concerned about the market and geopolitical situation, and same-store sales are now expected to drop as much as 5% year-on-year in the quarter. General Mill (GIS) Reduced its prospects In the coming fiscal year, North America’s retail sales fell 7% year-on-year in the latest quarter.

“We think the consumer environment will improve,” General Mill CEO Jeff Harmening said on Wednesday’s third-quarter earnings call. “It’s not. Consumers are still looking for value or value than they did at the beginning of the previous fiscal year.”

A few days after U.S. retail sales, the company shares frustrated forecasts Tick ​​efficiency in February was lower than expected. Americans may be cutting spending, partly because They want to pay more for groceries Household supplies in the coming months, according to Bank of America Research released Tuesday. In the 2008-09 recession, consumer sentiment at the University of Michigan hit levels that were not normally seen last month.

J. Jill CEO Claire Spofford said on Wednesday’s revenue call that shoppers are under pressure and are seeking price cuts, especially when shopping online.

“As we hear from the industry as a whole, the fiscal year 2025 starts at a slower pace than expected,” according to Alphaense’s transcript. “Our survey echoes uncertainty.”

According to General Mills’ injuries, customers have been dining less often and are now seeking to save further groceries. “Our belief is that consumers become more aware,” he said.

In Williams-SonomaWSM), executives cited “unpredictable” economic backdrop on Wednesday, while hinting at sales Can fall in 2025. General of the US dollar (DG) Recently said that while some customers trade their products, their core consumers Feeling very stressed.

Uncertainty is not a headwind for all companies. Ollie’s bargaining (OlliCEO Eric Van der Valk said on Wednesday’s earnings call that the discount retail chain said it was retaining high-income consumers and could have the ability to acquire goods, real estate and talent as other retailers close or file for bankruptcy.

“Consumers are still under pressure,” Van der Valk said, according to Alphaense’s transcript. “Many retailers are closing stores or closing them completely. The tariffs create uncertainty throughout the retail landscape. It’s all good.”