Americans are getting pickier, but they are still spending on hot items


Investors are scouring U.S. credit card spending patterns to size up which, if any, trends could give specialty retailers a boost in the summer months.

“Outdoor grills, patio sets …televisions, couches, beds, it’s all been a bit challenging as of late,” Telsey Advisory Group analyst Joseph Feldman said. “There was a pull-forward of demand during the pandemic and we’re still kind of coming off of that high and so you’re still seeing some softness there.”

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