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Macy’s CEO Points to E-Shaped Economy, Signalling Consumer Shift

The mention of a forked economy by the head of America’s largest department store signals a heightened wariness that middle-income Americans will continue to spend at the same pace.
The image shows a large, prominent building with a massive red sign featuring a white star and the text “macy’s”. The architecture of the building suggests it is historical, with ornate detailing and several rows of windows. The building is situated in an urban environment, likely in a city center, given the surrounding high-rise buildings visible in the background under a clear blue sky. This scene highlights an iconic department store known for its size and historical significance, possibly located in a bustling commercial area.
“The K or E economy is real,” said Macy’s Inc. chief executive officer Tony Spring. (NurPhoto)

A new letter is being used to describe the US economy, a tiny tweak that could have big implications for the country’s largest retailers. 

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