Carlo Allegri/Reuters
Vehicle-related sales in particular contributed to the recovery in retail spending, according to a Monday report from Moody's Analytics. On June 22, Moody's Analytics came out with a report indicating a recent thaw in discretionary retail spending. Moody's Analytics head of economic research Scott Hoyt wrote that total retail sales defied expectations in May, spiking 17.7%. In April, sales had dropped 14.7%. A subsidiary of Moody's Corporation, Moody's Analytics is an economic research firm completely separate from Moody's Investors Service.
TJ Maxx, Walmart, Target, and other big-box and deep-discount retailers will likely boom, experts say, thanks to a focus on value, safety, and efficiency
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