Reported about 2 months ago
Recent reports indicate that U.S. retail sales are exceeding expectations, showcasing a resilient consumer base amidst ongoing inflationary pressures. Michelle Meyer from Mastercard Economics highlights an 8% increase in online shopping in July, particularly in apparel. This shift in consumer behavior suggests a move toward more balanced and stable shopping patterns post-pandemic, as households manage personal finances and time more effectively.
Source: YAHOO