American Shoppers Boost Retailers With Spending on Work Clothes, Discount Staples

US consumers ramped up spending at department stores and discount chains, showing resilience as inflationary pressures weigh on consumers and dent results at many retail chains. large retail.

Macy’s and Dollar tree reported strong sales increases in their most recent quarters. That result comes as shoppers spend more on work clothes and special occasions, and turn to discount chains for essentials to offset rising food and fuel costs. Another budget series, Common Dollar announced volatile sales but raised its outlook for the full year, saying cash-strapped shoppers are wooing its stores more often.

https://www.wsj.com/articles/retailers-get-lift-from-resilient-shoppers-11653587396?mod=pls_whats_news_us_business_f American Shoppers Boost Retailers With Spending on Work Clothes, Discount Staples

Edmund DeMarche

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