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Retail Spending Slumps as Refunds Fade | Tulsa News
Retail sales took a surprising hit in July, plunging 0.6% — the sharpest drop since May 2025 — as the spending boost from tax refunds fizzled out. Even excluding big-ticket items like gas and cars, sales dipped 0.2%, with rising fuel prices adding to the squeeze. Shoppers are pulling back on electronics and online purchases, signaling growing caution. The only upside? Restaurants saw a 0.5% uptick, hinting that dining out remains a priority as folks cut back on non-essentials. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on…
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