Student loan woes may impact retailers — PYMNTS.com

As millennials resume student loan repayments, retail giants Amazon and Walmart may see a drop in sales to this demographic:

“The development has raised concerns about the negative impact on the retail industry, with major players such as Amazon, Target, Walmart and Ulta Beauty among those likely to be affected. As these retailers rely heavily on millennial consumers, the anticipated reduction in spending capacity may present significant challenges for their profitability and growth.“

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