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1. Look, everyone’s celebrating the 7% boost in retail sales last quarter, but between the lines, inflation-adjusted growth is barely 2%. Real spend power is tightening, so retailers should brace for a tougher holiday season despite headline numbers.

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1. Look, everyone’s celebrating the 7% boost in retail sales last quarter, but between the lines, inflation-adjusted growth is barely 2%. Real spend power is tightening, so retailers should brace for a tougher holiday season despite headline numbers. 2