Question remains, though: When will consumers cut spending?
Millions of Americans are still shopping like crazy. But retailers worry their voracious appetite won't last much longer.
An early picture of the all-important selling season looks decent.
Haunted by their own supply chain woes, many retailers are trying to get what they themselves need for the holidays.
While prices are rising for consumers, that's not discouraging them from making purchases.
Retailers have their own reasons to get people to do their holiday shopping early. It's not all supply chain.
The obvious explanation for July's 1.1% dip would be the coronavirus delta variant. Not so fast; inflation may also be a culprit.
Higher costs for labor and supplies are increasing price tags.
But considering what we're comparing them to — the stimulus-fueled month of March — that's not so bad.
The commercial landlord agreed to lower mall retailers' base rents for a bigger cut of their sales.