Carol Spieckerman’s May 2024 Retail Sales Analysis on CGTV

Carol Spieckerman weighs in on May 2024 retail sales results in her interview with Sean Callebs for China Global Television (CGTV). Highlights from the interview:

• Inflation isn’t as stubborn as consumer’s perceptions of inflation.

• Saving money is a hard habit to break

• Lower income growth combined with high interest rates are dampening an otherwise uplifting story.

• An uptick in some discretionary categories is a signal that consumers are breaking away from an essentials-only mindset.

• Should Fed rate cuts hit in December, it will be just in time to boost holiday sales and results for the entire year.
  Retailers are playing a much bigger role in 𝘥𝘳𝘪𝘷𝘪𝘯𝘨 consumer confidence & wrestling with inflation, not just reacting to it. Retailers have more levers to pull.