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Retail had a 'surprisingly robust' first quarter, but the real test is ahead as tax refunds dry up

The retail industry saw strong first-quarter sales and profits, but high tax refunds and buy now, pay later helped mask underlying consumer weakness.

1 report1 sourceJun 1, 2026, 10:08 PM
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CNBCJun 1, 2026, 10:08 PM

Retail had a 'surprisingly robust' first quarter, but the real test is ahead as tax refunds dry up

The retail industry saw strong first-quarter sales and profits, but high tax refunds and buy now, pay later helped mask underlying consumer weakness.

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