Retail

Shoppers spend less as U.S. cases of the delta Covid variant surge

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CNBC.com’s MacKenzie Sigalos brings you the day’s top business news headlines. On today’s show, CNBC.com’s big-box retail reporter Melissa Repko breaks down earnings from Walmart and Home Depot, and how the delta Covid variant could be slowing consumer spending. Plus, Ark Invest’s Cathie Wood calls out Michael Burry of ‘The Big Short’ after he bets against her innovation fund.

Retail sales drop worse-than-expected 1.1% in July as rising Covid fears hit consumers

Shoppers in the U.S. cut back their purchases in July even more than expected as worries over the delta variant of Covid-19 dampened activity and government stimulus dried up.

Retail sales for the month fell 1.1%, worse than the Dow…



Source cnbc.com

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Retail sales likely dipped in July as consumers held off on purchases

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