buyers' strike

noun

1. an attempt on the part of consumers to lower price levels by boycotting retailers or certain types of goods.

Example Sentences

Demand was soft at an auction of German 5-year government bonds on Tuesday, but other recent auctions have been "very, very, very bad", said Michael Leister, head of rates strategy at Commerzbank, likening the situation to a "buyers' strike".

From Reuters

"This economy needs a 'buyers strike' to flip into recession, and weak enough equities could stress household balance sheets enough to set one off."

From Reuters

In contrast, many analysts are warning that with oil storage tanks at low levels, sanctions over the war in Ukraine and a kind of buyers’ strike underway against Russian oil, a major supply crunch could develop, lowering global economic growth and stoking inflation.

From New York Times

“We’ve had something of a buyers’ strike, which is not a phrase I’ve had to use for a while,” said one senior banker who manages IPOs in Europe, preferring to remain anonymous as he is not authorised to speak about his clients.

From Reuters

Companies selling a narrow range of items to consumers are most at risk to a buyers’ strike.

From New York Times