It was a strong week for retail earnings. That doesn’t spell a consumer comeback

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Retail Industry,Business,Richard Dickson

Consumers are still shopping, but being far more selective as they contend with inflation, high interest rates and an uncertain economy.

First-quarter retail earnings are coming to a close, and shoppers are still spending, but being more selective than ever.

Foot Locker had declined over the last couple of years, but with the right combination of new strategies and a little bit of luck, its turnaround is With refreshed stores and better product displays, consumers are converting more, too, and paying full price – even Foot Locker's lower-income shopper. The company's weak results illustrated a challenge it's still contending with: Racing to keep up with trends and stay relevant.

 

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