Hispanic shoppers are spending less on groceries, putting pressure on consumer companies

Hispanic shoppers are spending less on groceries, putting pressure on consumer companies

Coca-Cola, Constellation Brands and Colgate-Palmolive reported that Hispanic consumers are spending less, which weighed on their North American sales.

Hispanic shoppers are spending less on groceries, putting pressure on consumer companies – RetailWit

Coca-Cola, Constellation Brands and Colgate-Palmolive reported that Hispanic consumers are spending less, which weighed on their North American sales.

What you need to knowCoca-Cola, Constellation Brands and Colgate-Palmolive reported that Hispanic consumers are spending less, which affected their sales in North America.Some executives have pointed out the White House's inflexible stance on immigration and broader economic concerns as reasons for the slowdown.According to Circana's market research firm, Hispanic Americans, in general, spend more on packaged consumer goods and surpass non-Hispa…

Spending by Latino consumers in the United States has declined significantly, which has negatively affected the results of several large companies in recent times, CNBC wrote.