Strong Retail Sales Hide Consumer Divide: Analyst Kodali
Forrester analyst Sucharita Kodali says strong retail sales are hiding a major divide in the US consumer. Higher-income shoppers are still spending, while rising gas costs squeeze lower-income households. She explains why Walmart, Costco and Amazon could gain even more ground this holiday season as middle-tier retailers struggle. (Source: Bloomberg)
READ NEXT
More on the wire
FROM THE PUBLISHER
Shocking video shows an idiotic Philadelphia man hanging from a moving train – and he is now at the center of a SEPTA investigation.
FROM THE PUBLISHER
A Florida man irrationally claimed he was celebrating his birthday as justification for destroying an NYC taxi in Manhattan following the Knicks' historic Game 4 comeback in the NBA Finals.
FROM THE PUBLISHER
Christina Bohannan called Iowa's Back the Blue law an "overreaction" to the George Floyd riots, fueling fresh Republican soft-on-crime attacks.