Retail

Tilman Fertitta says consumer spending will be strong even after stimulus fades

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Landry’s Chairman and CEO Tilman Fertitta told CNBC on Tuesday he expects consumer spending to remain strong throughout the rest of 2021, even as the initial boost provided by Covid stimulus earlier this year fades. 

In an interview on “Power Lunch,” the billionaire restaurateur and casino operator said tax refunds sent to Americans and payouts starting for the newly created advance child tax credits will offer tailwinds. 

“You’re going to continue to see money pile into the economy, probably, the rest of the year,” said Fertitta, whose sprawling hospitality empire offers him strong insights into how Americans are spending their cash.

“Then I think what’s going to happen is we’re going to…



Source cnbc.com

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