buyers' strike

American  

noun

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

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Example Sentences

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

From New York Times

And for every month that buyers strike out, the combination of rising home prices and higher mortgage rates can add hundreds or thousands of dollars to the cost of the home.

From Washington Post

The risk that Grexit might cause a wider break-up is lower than in 2012 thanks to various new defence mechanisms, including a permanent rescue fund and the readiness of the ECB to come to the aid of countries facing a buyers’ strike on their government bonds.

From Economist

And the real nightmare would be a buyers' strike in the gilt market, where overseas investors own about a third of the total stock of debt.

From The Guardian

Policymakers fear intervention could lead to either a buyers' strike or a profound dislocation with the secondary market that simply scares off international investors.

From Reuters