Strong Retail Sales Hide Consumer Divide: Analyst Kodali
Forrester analyst Sucharita Kodali says strong retail sales are hiding a major divide in the US consumer. Higher-income shoppers are still spending, while rising gas costs squeeze lower-income households. She explains why Walmart, Costco and Amazon could gain even more ground this holiday season as middle-tier retailers struggle. (Source: Bloomberg)
We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.
