Candy Stores (Private) Expand Despite US Consumer Confidence Low

AI Summary

In New York City, candy stores are experiencing growth even as US consumer confidence reaches historic lows. Retail sales increased by 4.9% in April 2023 compared to the previous year, while consumer sentiment hit a new all-time low in May 2023. Economy Candy, established in 1937, continues to thrive by offering affordable sweets. BonBon, a high-end candy store with several locations, opened a new shop in the Hamptons last summer and emphasizes lower-rent side streets for operations.