News & Events

The Weekly Wrap - May 22, 2020

Now that all 50 states have at least partially reopened for business, optimists will be searching for “green shoots” confirming that the economy is poised for a recovery that President Trump believes will be the “transition to greatness.” The search will not be entirely in vain as the U.S. economy is slowly coming back to life. Restaurants are reopening, the weather is turner balmier, luring people out of their homes and engaging in recreational activities, sales of bicycles are surging, consumers are snapping up outdoor gear and accessories, and traffic on highways is increasing. With department stores reopening shoppers are unleashing pent-up demand; TJ Maxx reports that sales of reopened stores in the first week of May were greater than a year ago.