Investors are scouring U.S. credit card spending patterns to size up which, if any, trends could give specialty retailers a boost in the summer months.
“Outdoor grills, patio sets …televisions, couches, beds, it’s all been a bit challenging as of late,” Telsey Advisory Group analyst Joseph Feldman said. “There was a pull-forward of demand during the pandemic and we’re still kind of coming off of that high and so you’re still seeing some softness there.”
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