Macy's and Home Depot Paint Mixed Retail Picture

The video discusses the current state of consumer spending and retail performance, highlighting the struggles of traditional retailers like Macy's and the success of Home Depot due to its online strategy and consumer focus on home investment. It examines the shift in consumer spending towards online and services, which is not reflected in traditional retail sales data. The discussion also covers labor market trends, emphasizing the challenges faced by retailers in adapting to changing consumer behaviors and the impact of employment dynamics on retail performance.

In what ways is consumer spending shifting towards online platforms?

What are the implications of the labor market data on retail sales?