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Macy’s, Dollar General and Costco May Offer Clues on Strength of Consumer Spending
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Investors are looking for more signs that inflation and lingering effects from the Covid-19 pandemic are wearing on American consumers.
This week, Macy’s Inc., Dollar General Corp. , Costco Wholesale Corp. and other retailers are slated to release quarterly reports showing sales without the lift from government stimulus that helped consumer spending last year. In addition, rising costs for fuel, freight and labor as well as changing purchasing habits are expected to weigh on profits.
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