As covid-19 spreads, shoppers forced to change purchase behaviour

Consumers will be bearish on discretionary spends in the upcoming months. Large share of respondents intend to spend less on restaurant and movie theatre visits.

More than half of the respondents plan to decrease spends on automobiles, luxury brands and leisure travel.

Taking a back seat, over 43% would defer spending more on fashion, personal grooming and home dcor.

Spending on alcohol and tobacco products also appears to stand on the side lines.

Focus on health & hygiene facets and financial security may be the future behaviour shifts.

Technology to act as a catalyst for convenient, enhanced consumer experiences.