Conference Board index erases early summer gains, as labor market cools and high interest rates bite.
Nascent market could reach up to $900 billion by 2030, finds Bain & Co.
Three main factors likely to cause spending slowdown by fall.
More shoppers resist making unplanned purchases.
Job growth in overall economy also weakening.
Four U.S. metro areas where physical retail is thriving – and why.
June’s Consumer Price Index rise down two-thirds from a year ago.
Job openings dropped, new hires rose in May.
Supreme Court ruling likely to negatively impact stores selling clothing, electronics.
But worries about possible recession persist.
Spending on health care is expected to continue to balloon for Americans over the next decade. In fact, health expenditures in the United States are projected...
Payrolls at city’s stores down by 45,000 since 2015.
But spending plans for autos, appliances rise slightly.
As a result, many are postponing purchases.
Sector led all industries with nearly 15,000 cuts for the month.
Current health of corporate and household balance sheets should limit economic slowdown, NRF Chief Economist Jack Kleinhenz said.
A Consumer Price Index nearing 9% is forcing business owners into tough decisions.
“The most recent research pegs the risk over the next year as about one in three, and it will be touch and go in 2023.”
47% of consumers blame inflation for “eroding their living standards.”
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