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Retail CEO says orders from big-box stores are down 40% because they have no idea how shoppers are going to react to price hikes
fortune.com/2025/06/17/retail-sales-fall-big-box-tariff-price-hike-uncertainty
Retail sales fell sharply in May as consumers pulled back from a spending surge early this year to get ahead of President Donald Trump’s sweeping tariffs on nearly all imports.
Sales at retail stores and restaurants dropped 0.9% in May, the Commerce Department said Tuesday, after a…
This story appeared on fortune.com, 2025-06-17 16:00:49.