After a post-pandemic shopping spree, some Americans are becoming more selective with their spending as they struggle with factors like inflation, the New York Times reported. Although overall consumer spending remains strong, analysts say they detect worrying shifts in shopping habits. Financial reports this past week from retailers including Macy’s, Kohl’s, Foot Locker and Nordstrom suggest that consumers are no longer buying with abandon. Executives also flagged rising credit card delinquencies and higher rates of retail theft as ominous signs that consumers could be strapped for cash.
