Best of Bloomberg Intelligence (08/18/2022)

What are the two main challenges faced by retailers like Kohl's and Walmart this earnings season?

• Sales and marketing

• Inflation and inventory

• Technology and innovation

• Customer service and logistics

Which retailer claimed to have cleared $1 billion of discretionary inventory?

• Walmart

• Kohl's

• Target

• TJX

How are middle-income shoppers reacting to current economic conditions according to Kohl's?

• They are unaffected by inflation

• They are becoming more price-conscious

• They are spending more on luxury items

• They are saving more money

Which income tier is the first to reduce spending during economic downturns?

• Middle-income

• Luxury consumers

• Low-income

• High-income

What is a potential economic outcome if inflation continues to persist?

• Stable growth

• Recession

• Deflation

• Economic boom