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Dan, I Allegedly, 8/27/26
"The Consumer Just Quit Spending"
"The American consumer is pulling back, and major retailers are warning that discretionary spending is under serious pressure. Dick’s Sporting Goods just reported disappointing results, sending its stock sharply lower, while Foot Locker sales fell 3.6%. At the same time, consumers are cutting back on athletic apparel, sporting equipment and other purchases they can postpone. The message from retailers is becoming increasingly clear: Americans are changing the way they spend money. Home Depot and Lowe’s are seeing another side of the same economic shift. Consumers are still buying and repairing things, but they are postponing major home improvement and remodeling projects and choosing smaller do-it-yourself repairs instead. From sporting goods and fitness clothing to home improvement and big-ticket purchases, the economy is showing signs of a consumer who is becoming increasingly cautious, selective and financially stretched. This is iAllegedly, covering the economy, consumer spending, retail, personal finance and the warning signs you need to know."
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