Retailers see consumers holding up reasonably well, UBS says
UBS analysts say a broad retail consensus is that consumers are holding up reasonably well, while noting a more nuanced debate. They point to income-level differences as a key factor.
0935 ET - The broad consensus among retailers is that consumers are holding up reasonably well, UBS analysts say in a research note. "Yet, that conclusion masks an increasingly nuanced debate," they continue.
For starters, consumers' resiliency is closely tied to income level, and "income-based bif…