Macy’s and Nordstrom became the latest retailers to lower their financial goals for the year, citing risks of a steeper economic downturn and slowdown in consumer spending
The consumer-sentiment index and the consumer-confidence index both try to measure the same thing: consumers’ feelings. WSJ explains why the Federal Reserve is keeping a close eye on consumer confidence in 2022. Illustration: Adele MorganMacy’s Inc. and Nordstrom Inc.
became the latest retailers to lower their financial goals for the year, citing risks of a steeper economic downturn and slowdown inMacy’s, the biggest U.S. department-store chain, on Tuesday said it was also adjusting its forecast to reflect markdowns and promotions the company thinks will be needed
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