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2022 Spring Northwest Regional Retail Report

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MR_NW_Spring22_Retail_175x227 Retail markets in the U.S. Northwest Region continued to improve going into Spring 2022. A number of factors contributed to the recovering retail environment including, a sustained reopening of markets and regions as communities adjusted to the prospects of living with COVID-19 for the foreseeable future while settling into a relatively new normal. Consumers are getting back to experiential shopping, socializing in large groups for live concerts and sporting events, dining in restaurants, gathering in bars, and (albeit slowly) getting back into physical offices at least a portion of the time. These trends have translated into more foot traffic in urban retail areas, an upward trend in mass transit usage, and an uptick in consumer spending. All of that said, inflationary pressures have also contributed significantly to increases in consumer spending as shoppers face higher prices for many everyday items, coming to grips with the highest inflation figures seen in forty years.

 


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2022 Spring Northwest Regional Retail Report

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