A 'new normal' for consumers is here: Morning Brief
https://finance.yahoo.com/news/a-new-normal-for-consumers-is-here-morning-brief-100050610.html
Summary
Certainly! Here are the key takeaways from the article:
- Retail Sales Rebound: Retail sales in July increased by 1%, with gains across various sectors[^1^][1]. This followed a strong earnings report from Walmart, indicating consumer consistency[^2^][2].
- Consumer Spending Trends: Economists expect consumer spending to return to stable, post-pandemic levels. However, disparities remain between low and high-income cohorts.
- Divergence Among Retailers: Despite a challenging environment, some companies continue to see expanding revenues, while others struggle. Differentiation among retailers is more pronounced than in recent years.
Please note that this is a concise summary, and you can refer to the full article for more details. 🌟