Reported about 20 hours ago
Retailers are growing increasingly anxious as consumer confidence hits a 12-year low amid rising inflation and tariffs. With economic uncertainty affecting spending habits, companies like Nike, Macy's, and Walmart are adjusting their outlooks and strategies to cope with the potential financial impacts of tariffs, particularly on lower-income consumers. As some retailers anticipate a shift towards discount shopping, the overall environment for consumer goods sustains a cautious tone.
Source: YAHOO