The patron is showing some signs of wear and tear and tear, having absorbed high inflation, high rates of interest and a touch of bank panic.
Retail and food service sales growth slowed to only 2.9 percent from a 12 months earlier in March, almost half the 5.9 percent expansion seen in February, based on latest data from the U.S. Census Bureau.
And fashion proved to be a drag, with sales at apparel and accessories specialty stores slipping 1.8 percent 12 months over 12 months while shops logged a 1.2 percent decline.
One brighter spot got here from e-commerce, which remains to be not riding as high because it did through the pandemic, but continued to win share with non-store retailers posting a...
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