Struggling consumers skimp on chips and cigarettes as convenience store sales slip [Fortune]
News Corporation - Class A (NWSA)
Last news corporation - class a earnings: 2/6 04:45 pm
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Source: Fortune
It's another sign of stress for Americans, who are dealing with ever-changing tariff policies, fears of stagflation, and a potential recession. Sales volume at U.S. convenience stores dropped 4.3% in the year ending Feb. 23, according to data from Circana, a Chicago-based market-research firm, and first reported by the Wall Street Journal . Refrigerated and frozen products, tobacco, and general food sales saw some of the steepest declines. The sales slip comes as working-class and middle-class households are pulling back spending and overall consumer sentiment is dropping due in part to President Donald Trump's ongoing trade war and fast-changing tariff policies . Top CEOs like JP Morgan's Jamie Dimon are becoming increasingly worried about the
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