1. Department & Category

Americans cut back on discretionary spending to buy food

Rising food prices have left consumers with fewer dollars to buy other products. U.S. food prices were 11.4 percent higher in January than a year earlier. “Food inflation has been the most stubborn of all the categories,” Walmart’s U.S. CEO John Furner said.

View Original Article
https://retailwire.com/
Do you like RetailWire's articles? Follow on social!