About 64% of consumers say they plan to spend less on restaurants and movies over the next few months NEW DELHI : Shoppers are likely to cut back sharply on discretionary spending after the lockdown, sacrificing outings to malls, restaurants, and salons to save up for immediate needs such as health and hygiene products.
About 64% of consumers say they plan to spend less on restaurants and movies over the next few months, according to market research firm Nielsen.
Consumers have stocked up on essential goods such as packaged rice, wheat and soap, Nielsen said in the second edition of its report on the impact of covid-19 on fast moving consumer goods and retail.