Retail is quietly outperforming expectations, with core retail sales setting a new record in Marchbut investors continue to eschew the sector in favor of other, more sure bets. 

Marcus & Millichap data reveals that last month, total consumers spent $468 billion, up 6% from last year and 24% from pre-pandemic numbers. Inflation adjusted core retail sales were 1.1% from last year and a gain of 15.6% over pre-COVID numbers, and the National Retail Federation is predicting retail sales will increase by 6% to 8% this year.

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