Tracking Consumer Spending Trends With Tanger Outlets CEO Stephen Yalof
Rising costs have impacted nearly every industry, including the retail sector. Shoppers looking for some spending reprieve might find what they're looking for at shopping outlets. Stephen Yalof, Tanger Outlets CEO, joined Cheddar News to talk about consumer spending trends. "What's interesting about our space is that we're seeing more customers now come into the outlet space because its an opportunity for them to buy brands at everyday value pricing and I think that's a big trend for the consumer right now," he said.
The Centers for Disease Control and Prevention published an official health advisory warning healthcare providers to keep a lookout for children with possible lead poisoning from certain applesauce products.
Exxon Mobil on Monday announced it's drilling for lithium in southern Arkansas, with the oil giant expected to begin production of the critical material for electric vehicles by 2027.
Ahead of the release of October's consumer inflation data Tuesday, you may notice changes from the Bureau of Labor Statistics. When it comes to how it estimates health insurance costs, the move is expected to give a boost to the U.S. inflation measure which will reverse a trend that has provided some relief.
