Consumers are tightening their belts — just not on food delivery

Despite signs of consumers cutting back on spending, food delivery services like DoorDash, Uber Eats, and Instacart have reported strong sales growth. Diners continue to use these apps even though they are trying to save money elsewhere. This trend has surprised DoorDash CEO Tony Xu, as overall retail sales have declined, including a 0.6% drop in US retail sales in July. The resilience of food delivery spending suggests it has become a sticky habit for many consumers.

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