There are a lot of "mays," "coulds," and "seems" in an analysis of shopping patterns and the retail mall environment in the month of May by Placer.ai.
The company's hesitancy about making firm predictions regarding consumer shopping trends reflects not just consumers' uncertainty over whether to spend or save, but the current unsettled economic environment.
"Although consumers appear to be feeling slightly more optimistic about the economy, savings intentions remain strong – which may be coming at the expense of discretionary spending," the report noted. "The clothing, footwear, and household goods categories seem particularly impacted."
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