Reported 4 months ago
With multiple retailers reporting their quarterly earnings, a split is observed in opinions regarding consumer spending strength amidst signs of inflation. While Abercrombie & Fitch and Dick's Sporting Goods show strong sales and growth, retailers like Walmart and Target highlight challenges like inflation impacting consumer wallets. Although consumer confidence rose in May, high inflation and costs persist, affecting spending choices such as increased fast-food value menus and reduced DIY project spending.
Source: YAHOO