Matt Shea

Matt Shea, a representative from the National Retail Federation, shares crucial insights on holiday spending trends. He reveals that the top 10% of households now drive over half of U.S. consumption, a notable shift since the pandemic. Shea expresses optimism about near-record consumer spending estimates for the holiday season. The conversation also uncovers how tariffs impact prices and retail margins, shedding light on who ultimately bears these costs and their effects on retailers' operations and hiring strategies.