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KPMG: UK consumers spend less on luxuries than Indian ones. Really?

“It certainly makes for an eye catching headline: Apparently UK consumers spend more on essentials (76 per cent) and less on luxuries than those in India (68 per cent)” writes James Moore for independent.co.uk. One of the effects was a spending spree and it’s notable that Chinese consumers, where that didn’t occur, reported spending 79 per cent of their incomes on essentials.The report’s message to retailers confronted by this chilly environment: Get close to your consumers and get smart!.
 
Source: independent.co.uk



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