Consumer
US Shoppers Are Warding Off a Recession, Kellogg CEO Says
- Cahillane says US is showing more resilience than Europe
- Plant-based category will see revival as bad products drop out
This article is for subscribers only.
Americans love to spend — and that might be the biggest factor fending off a US recession.
European and Latin American shoppers are shifting to discount retailers while changes in US consumer behavior are comparatively modest, Kellogg Co. Chief Executive Officer Steve Cahillane said.