Surprise Fall in the Rate of Inflation

The video discusses the recent decline in inflation from 4.4% to 4% and its limited impact on consumer spending. Despite the drop, retail sales have suffered the worst decline in 16 years, with discretionary spending down. Various sectors, including leisure and homewares, are struggling, while some like Next have managed to perform better. The high cost of cotton is leading to price hikes. Retailers are urged to reassess their business strategies as consumers become more cash-strapped, affecting the overall economy.

What are some of the specific retail sectors mentioned that are struggling?

How are consumers described in terms of their financial situation and shopping habits?