Many Hispanics are venturing out only to buy essential goods and are cutting back on spending, worried about harassment by immigration or law enforcement officials.
This change in consumer behavior by the country's second-fastest-growing ethnic group has recently been cited as a cause for worry by already-struggling consumer companies.
As the slowdown has mainly hit discretionary spending, retailers that deal in apparel and footwear — two sectors already feeling pressure — are hurting the most. READ MORE AT CNBC
Comments