Retail Surprise: Are Americans Still Shopping?

Against economic headwinds, US retail sales defied expectations in August, jumping 0.6% fueled by back-to-school shopping and online sales. Electronics, clothing, and sporting goods saw boosts as deal-seeking consumers, even higher-income shoppers, flock to value. Best Buy sees continued gadget spending with perceived value, while dollar stores attract affluent trade-down shoppers. Experts predict budget-conscious habits will persist, forecasting a holiday spending dip despite potential Fed rate cuts. Hosted on Acast. See acast.com/privacy for more information.