Tag: consumer spending
Retail Crime Accounted for Over $112 Billion in Industry Losses in 2022
Shrink accounted for $112.1 billion in losses according to the 2023 National Retail Security Survey released today by NRF.
NRF Says Growth in Consumer Spending Is Slowing
Spending is slowing as the economy settles down amid higher interest rates intended to reduce inflation, according to the NRF.
Consumers Still Spending Despite Inflation and Interest Rates
Consumers remain worried about high inflation and Federal Reserve interest rate hikes intended to bring inflation under control, but neither has stopped them from spending.
Consumer Spending Stays Steady Despite Inflation
Consumer spending held up during June’s inflation surge, with retail sales rising slightly more than expected for the month amid rising prices, according to the Commerce Department.