Consumers Are Looking For Cheaper Alternatives

<p>How do rising inflation costs impact consumer activity? "U.S. retail sales fell 0.3% in May, relative to April. In numerous facets of the retail sector, consumers are now trading down — meaning that they’re looking for cheaper alternatives to the products and services they typically buy. Among the brands mentioned in the report are McDonald’s, Chipotle, Target, H-E-B, Walmart Neighborhood Market, Ross Dress for Less, Citi Trends, Five Below, and Dollar General," says Ethan Chernofsky. </p><p><br></p>