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Packaged Facts: Pet industry can help pet owners adapt to economic challenges by offering cheaper store brand products, flexible payment options, DIY pet care products and services; high-quality products still essential, as pet health remains top priority

Euromonitor identifies top consumer trends in pet care industry in 2024, including value hacker pet owners seeking best deals, wellness pragmatists seeking functional pet food, and those who embody joy of pets and want to provide human-grade products

Michaels lowers prices on over 5,000 products across categories including arts, crafts, DIY and home decor to appeal to value-seeking customers; company says prices are now at 2019 levels or lower

Gen Z and Millennials are leading a movement towards healthy eating amidst the current cost-of-living crisis by scaling back on non-essentials, including streaming services, according to new research

S&P: China's e-commerce sector seeing stagnant growth, increased competition, cautious consumer spending; PDD becomes China's second most popular e-commerce platform, recognizing consumers seek value-for-money products, with focus on unbranded products

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