Retail Recovery Veils Serious Headwinds
PYMNTS
JULY 17, 2020
But the May and June spikes returned retail sales levels to pre-pandemic numbers. But while today’s report gives the illusion of a fearless consumer spending lavishly, the reality is more sobering: Consumers are increasingly fearful amid new spikes in COVID-19 cases and a looming fiscal cliff.”. Bureau of Labor Statistics, the U.S.
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