Ecommerce sales hit record. Sales at gas stations & electronics stores fell as prices fell. Used car dealers faced buyers’ strike, new car dealers supply shortages. Food store sales up on spiking prices.
Overall supply at retailers still 18% below normal, huge shortages in some segments, gluts in others. Thankfully, grocery stores only a tad below normal.
Not a revenue-shocker (they were up even from stimulus-miracle a year ago), but a cost-shocker. Unable to pass on all the cost increases, their margins got squeezed.
