Editor
A worrying pattern has emerged recently where retailers are reporting weaker sales, lowering their expectations for the rest of the year and predicting more frequent and deeper discounts. Macy’s and Estée Lauder gave dour outlooks for the remainder of 2024 last week, and Urban Outfitters on Thursday said they would need to promote their way out of an unexpected sales slump.
There are signs that the US economy is slowing down, including an…
