Earlier this week, Alicia Kelso wrote about relentless inflation impacting both consumers and operators. Data released by the U.S. Commerce Department on Wednesday, however, shows that consumers are more resilient than perhaps anyone would have predicted in such a pressured environment.
The department’s January report showed that retail sales rose a seasonally adjusted 3% in January versus a month earlier – remarkable considering holiday shopping patterns in December. January’s increase comes on the heels of two months of declines and was registered across most retail categories.
Hear more on this issue from Alicia Kelso.
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