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Retailers Look to Optimize Margins
Jack Kleinhenz, Chief Economist at the National Retail Federation, indicates that the robust economic growth in the American economy through Q3 is forecast to cool in Q4 2023. “As of December 1, the Federal Reserve Bank of Atlanta’s “GDPNow” model estimated growth at 1.2% for the fourth quarter.” This throws a wrench in the mix as retailers look to optimize margins.