Retailers give a bleak outlook as inflation pressures low-income shoppers

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Retailers give a bleak outlook as inflation pressures low-income shoppers Retailers give a bleak outlook as inflation pressures low-income shoppers

As many of America’s best-known retailers reported better-than-expected quarterly earnings this week, buoyed by shoppers who kept spending despite stubbornly high inflation, they all seemed to be coming to the same conclusion: Conditions are getting much, much worse. Consumer spending, which accounts for about two-thirds of the US economy, is closely watched, and retailer performance […] The post ..
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