US Retail Sales Rise Despite Inflationary Pressure

What was the main goal of President Biden and Secretary Walsh's efforts mentioned in the first section?

• To increase consumer spending

• To prevent further supply chain disruptions

• To reduce labor costs

• To promote international trade

How did the pandemic initially affect retail inventory levels?

• Retailers had excess inventory

• Consumers stopped buying goods

• Inventory levels remained unchanged

• Retailers struggled to stock popular items

What is the current inventory level relative to sales, as discussed in the second section?

• $1.20 in inventory for every dollar of sales

• $1.45 in inventory for every dollar of sales

• $2.00 in inventory for every dollar of sales

• $0.90 in inventory for every dollar of sales

What is one of the challenges retailers face for the upcoming holiday season?

• Lack of consumer interest

• Excessive inventory levels

• Supply chain and labor issues

• Decreased online shopping

How are retailers planning to attract consumers during the holiday season?

• By reducing store hours

• By increasing product prices

• By offering more promotions

• By limiting product availability