American Shoppers Boost Retailers With Spending on Work Clothes, Discount Staples
American shoppers boosted spending at department stores and discount chains, showing resilience amid inflationary pressures that have weighed on consumers and dented results at many big retail chains.
Macy’s Inc.
M 17.80%
and
Dollar Tree Inc.
DLTR 21.00%
reported strong sales increases in their most recent quarters. Those results came as shoppers spent more on clothing for work and special occasions, while turning to…