4 Retail Stocks to Buy Amid Signs of Cautious Consumer Spending

Retail sales in the United States showed minimal growth in May, reflecting ongoing consumer struggles with high inflation and interest rates. The Commerce Department's report revealed that sales rose a modest 0.1% on a month-on-month basis, a slight improvement over the revised 0.2% decline seen in April. Despite this small increase, the year-over-year growth rate stood at 2.3%.May's retail sales inched up to $703.1 billion, indicating a subdued consumer environment. The modest rise was driven partly by a r ...