FEBRUARY SALES DROP - DRASTICALLY

Nearly three-quarters of retailers experienced significant declines

By Erica Kirkland

February sales data from Giftbeat’s panel of 300 reporting stores signals a deep turn in consumer spending not seen since the pandemic. Almost three-quarters (74 percent) of store owners clocked year-over-year declines at the till in February, coming off an impressive January in which 60 percent of retailers held steady or improved their numbers. Most alarmingly . . .

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