Energy and transportation are two areas where costs are rising for stores like Home Depot, Walmart, and Target, but raising prices could turn off an increasingly strapped consumer.
According to NielsenIQ, sales of alcoholic beverages fell 5.4% in April compared to the same month last year. The decline is most pronounced at convenience stores.
GDP rose at an annual rate of 2% from January to March, according to data out today from the Bureau of Economic Analysis. A big reason why: investment in AI.
The maker of Pampers, Dawn, and other consumer staples reported a 7% net sales increase over last year. That’s not just because of higher prices — consumers also bought more of their products.
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Retail spending rose by 1.7% from February to March. Experts said people are spending their tax refunds and increasingly turning to credit — even for groceries.
Economists warn that as tax refund season ends and the war in Iran pushes prices higher across more categories, the long-running disconnect between how consumers feel and how they spend may finally start to close.