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December Retail Sales Report to Show How Consumers Weathered Holiday Season
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A report on December U.S. retail sales will show consumers’ appetite for spending on gifts, dining out and big-ticket purchases during the final month of the holiday season.
High inflation and rising borrowing costs caused some households to pull back late last year, and retailers said the recently completed holiday shopping season turned out to be weaker than expected. Macy’s Inc. warned of softer sales, and Lululemon Athletica Inc. said its profit margins were squeezed as shoppers bought more items on sale. Broadly, discounting became more commonplace.
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Consumer Spending Fell 0.2% in December as Inflation Cooled wsj.com /1 year ago
Consumer Spending Fell 0.2% in December as Inflation Cooled wsj.com /1 year ago
Consumer Spending Fell 0.2% in December as Inflation Cooled wsj.com /1 year ago
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