Lowe’s had some more bad news about the American consumer. CEO Marvin Ellison said “This has been the most difficult housing market that I have faced in this business since the financial crisis.” Lowe’s is hardly alone. Walmart said higher income shoppers are still trading down while lower income Americans are, well, they’re running out of their tax refund money. And then there is Kroger.

Eurodollar University's Money & Macro Analysis

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Flash PMI signals subdued growth in May amid price surge
https://www.pmi.spglobal.com/Public/Home/PressRelease/d7a15ea4f43c4e3493db3814db67ad99

Lowe's CEO says this is the 'most difficult housing market' since the financial crisis
https://finance.yahoo.com/markets/stocks/article/lowes-ceo-says-this-is-the-most-difficult-housing-market-since-the-financial-crisis-170512082.html

Kroger Plans Biggest Price Cuts In Years to Take On Walmart, Costco
https://www.bloomberg.com/news/articles/2026-05-21/kroger-plans-biggest-price-cuts-in-years-to-take-on-walmart-costco

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Twitter: https://twitter.com/JeffSnider_EDU

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