Retail sales show US consumer spending holds up, but ‘almost everyone’ is looking for deals

US retail sales in August were stronger than expected. But the flexible American shoppers are still looking for deals wherever they can find them, while weakening the labor market and inflation concerns related to the tariff that is still going on.

Retail sales increased in August by 0.6 %, more than 0.2 % increase, which was expected by economists in Wall Street. On the main shopping month to return to school, sales in electronics and devices stores increased by 0.3 %.

The growth of sales in clothing and clothing accessories, as well as sports commodities, hobby, musical instrument and book stores is better, rising by 1 % and 0.8 %, respectively. In non -involved retailers, which include e -commerce, sales have increased by 2 %.

In an interview with Yahoo finance on Wednesday, Corie Barry (Best Buy) Corie Barry said that while her work continues to refer to a “fixed” consumer, shoppers are still looking for deals.

“We see everyone looking for value now,” said Barry. “We actually see a consumer … slightly tight, [that’s] I am still ready to spend if they really feel a great value. “

In Best Buy, the growth of the same store sales increased in one low numbers in late August. Barry said that he “continues to see this force, especially by returning to school.”

With more estimated purchases, instead of family basics, Barry said that the company believes that customers are still ready to pay for new products, such as the Nintendo Switch 2 group or the updated Apple collection from iPhone, AirPods and Apple Watches that were unveiled last week.

“We can better summarize the new technology than anyone else,” said Barry. “So we are very excited about these things.”

While Barry said that Best Buy still sees consumers remains a “option”, the company does not see the types of extensive transformations in consumer habits that were called by retailers that represent different parts of the family budget.

For example, other retailers, such as Walmart (WMT) and some dollar stores, for example, said that high -income shoppers are leading participating gains, with “wealthy consumers trading” to low price outlets to extend their dollars more.

The CEO of Dollaar General (DG) Todd Vasos told investors earlier this month that consumers are looking for value, and we see that in all customer groups, which means our main customers, our medium and upscale customers, [are] All search for value at this stage. “

Even with the appointment of the Federal Reserve to reduce interest rates this week and reduce the debt burden for consumers in the coming months, experts expect more costly conscious shopping habits.