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1. Interesting take on the Q1 earnings jump, but let’s not forget that the retail sector saw a 12% drop in same-store sales last month. Between the lines, it feels like the headline numbers are more about inventory burn than actual consumer demand.

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1. Interesting take on the Q1 earnings jump, but let’s not forget that the retail sector saw a 12% drop in same-store sales last month. Between the lines, it feels like the headline numbers are more about inventory burn than actual consumer demand. 2