Despite ongoing concerns, the economy is not preventing retail from performing well, according to Placer.ai's Q1 2024 Retail & Dining Review, which assesses Q1 2024 for multiple asset classes.
Overall, nationwide retail visits have been elevated year-over-year and are increasing — with visits up 6.1% during the week of March 25.
"Though prices remain high and consumer confidence has yet to fully regain its footing, retail's healthy Q1 showing may be a sign of good things to come in 2024," the white paper notes.
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