Spending a Message

How’s the economy really doing? Are we headed for a recession? Are things about to turn around? For some answers, we could always turn to big, national retailers like Costco and Macy’s, both of which are telling a very similar story. Macy’s and Costco sound a warning about the economy. Of course, when it comes to the economy, the story is never straightforward, and while retailers are seeing a customer pullback, “strong demand remains for in-person experiences such as travel and dining out. That means big business for leisure and hospitality, as spending is expected to pick up this summer as consumers open up their wallets for memorable experiences.” Let’s just hope that one of those experiences isn’t a full-blown recession.