Reported 27 days ago
January's retail sales experienced a 0.9% decline, marking the largest drop in nearly two years, but retail analyst Sucharita Kodali emphasizes that these month-over-month figures can be misleading. In fact, year-over-year comparisons show nearly a 5% increase compared to January 2024, indicating that consumer spending remains strong and the economy is still flourishing despite the temporary decline.
Source: YAHOO