As inflation under Biden 'bites' US consumers, former Toys 'R' Us CEO makes dire retail prediction
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One year after the Inflation Reduction Act was passed, inflation remains sticky, leaving one industry expert predicting the economy is facing a "very difficult" season.
"When that comes this fall, I believe it's going to be a very difficult holiday season, certainly challenging for most retailers," former Toys "R" Us CEO Gerald Storch said.
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This story from foxbusiness.com was posted on 2023-08-19 by @sunbeam.