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Turns out, we weren't very spendy in the first month of the year. Retail sales tumbled 0.8% in January.
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January was not very spendy
In January, sales were down 0.8% — a bigger decline than economists expected. Consumers have been complaining about persistent inflation and higher prices and may now be pulling back. Susan Schmidt, head of public equity at the State of Wisconsin Investment Board joins the program to discuss.
Rough times for Express
Shares of Express tumbled 40% earlier this week on news that the company could soon file for bankruptcy protection. Express became a mainstay of U.S. malls around the time when shoulder pads reigned supreme. But traffic is now at its 600 stores is down, and it’s looking to restructure a massive debt.
The team
David Brancaccio
Host
Leanna Byrne
Host, BBC
Kelly Silvera
Executive Producer
Meredith Garretson Morbey
Senior Producer
Alex Schroeder
Producer
Erika Soderstrom
Producer
Ariana Rosas
Producer
Nic Perez
Director/Producer
Dylan Miettinen
Digital Producer
John Bruington
Media Producer
Jesson Duller
Media Producer
Brian Allison
Technical Director
James Graham
Producer, BBC
Jo Critcher
Producer, BBC
Naomi Rainey
Producer, BBC
Lis Mahy
Producer, BBC
