The spending picture isn’t as clear cut as you might think.
Transcript:
CAROLINE WOODS: OK and just finally, really quickly, based on these outlooks and some of these cracks that we’re seeing in the labor market, which could translate into the consumer spending patterns. What do you think the rest of the year could look like for retailers specifically, or consumers.
CHRISTINE SHORT: Yeah. Based on some of the outlooks we’ve been hearing and knowing that, you know, there’s some economic uncertainty. Yeah well, like I said, we’re in a pretty heavy shopping season right now. And that takes us right into the holiday shopping season. I don’t expect the consumer to completely disappear. They’re still holding up. We’ve seen some of the increases reported by retailers. I think Lowe’s just today actually said they saw ticket purchasing or ticket size increase and traffic increase. So there are still some winners in the space. But overall the overall message from retailers is they are seeing consumers step back a little bit, be a little more choosy with what they buy, but they haven’t completely fallen off the map.
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