Consumer Retail Spending Remains Resilient
Bloomberg Businessweek
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Average Unit Retail: What You Need to Know
The focus on value is definitely key and we're seeing the continued strength of essentials stronger than discretionary. I'd say what I worry about overall is that for some of the companies that have reported, it certainly seems as if they're taking that they beat the first quarter. They're adjusting the second quarter a little bit lower and expecting the back half of the year to be a big uptick. So bottom line is that lower to middle income consumer is still cautious.
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