A 'new normal' for consumers is here: Morning Brief

A 'new normal' for consumers is here: Morning Brief
https://finance.yahoo.com/news/a-new-normal-for-consumers-is-here-morning-brief-100050610.html

Summary

Certainly! Here are the key takeaways from the article:

• Retail Sales Rebound: Retail sales in July increased by 1%, with gains across various sectors[^1^][1]. This followed a strong earnings report from Walmart, indicating consumer consistency[^2^][2].
• Consumer Spending Trends: Economists expect consumer spending to return to stable, post-pandemic levels. However, disparities remain between low and high-income cohorts.
• Divergence Among Retailers: Despite a challenging environment, some companies continue to see expanding revenues, while others struggle. Differentiation among retailers is more pronounced than in recent years.

Please note that this is a concise summary, and you can refer to the full article for more details. 🌟