U.S. Retailers Announced Nearly Seven Times As Many Store Openings As Closings In 1Q22
By Patrick McKeever
While there are growing concerns about record inflation, rising borrowing costs, the psychological impact of Russia’s invasion of Ukraine, and record-high gasoline prices, U.S. consumers continue to be very resilient, buoyed by broad-based labor-market strength, solid wage gains and accumulated savings during the pandemic.