Elevated gas prices hit retail foot traffic: report
FOX Business Flash top headlines for March 29
Here are your FOX Business Flash top headlines for March 29.
The nation's elevated gas prices – which hit record highs in March – are likely cutting down on retail foot traffic, a new report suggests.
During the week of March 7, retail visits nationwide dropped by 4.3% compared with the same period three years ago, according to data from analytics firm Placer.ai.
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This marked the "most severe" decline in weekly retail foot traffic "that wasn’t directly tied to COVID waves or holiday calendar shifts" over the past year, according to the firm's analysis.