The consumer continues to be resilient, but they are concerned about inflation- that's what International Council of Shopping Centers CEO Tom McGee is hearing from retailers right now. "Promotions, pricing, and so forth are certainly top of mind, there's a price sensitivity on the part of consumers, but they continue to spend," McGee tells Yahoo Finance Live. Given that price sensitivity, "discount retailers are en vogue right now," so retailers like Target (TGT) and Walmart (WMT) will do well in an environment where "consumers are going to continue to spend, but they're price conscious, so they are going to look to retailers that offer discounts," McGee said.
