Big stores see how we spend. Here are 4 things they say about the economy

Photo caption: People shop at a mall in Houston. Photo credit: Brandon Bell / Getty Images. Article by Alina Selyukh. NPR – March 4, 2023.

It’s a tentative sort of anxiety. Large store chains such as Walmart, Home Depot and T.J.Maxx are steeling for a tricky year, given that shoppers have begun cutting back — but how much further? Some retailers, such as Best Buy and Macy’s, are already feeling the slowdown. More than a dozen retailers have dropped a flurry of financial reports in recent weeks. They have a broad view of consumer spending, which is a key driver of the U.S. economy. Here’s what they say. […]

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