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Tuesday, May 30, 2023

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Consumer Psychology Has Kept Retail Strong, But Soon Financial Reality Will Hit

The National Retail Federation (NRF) is out with its 2023 retail forecast; on its face, it’s reassuring. In an hour-long briefing, NRF president and CEO Matthew Shay reported that retail sales will grow between 4% and 6% in 2023, not including motor vehicles, gasoline stations and restaurants. And …

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