Reported 4 months ago
American consumers are feeling the strain of high inflation and interest rates, leading them to seek value more than ever. Companies like Ross Stores, TJX, and Dollar General are benefiting from this trend by offering bargains and essentials, seeing increased revenue and foot traffic. In contrast, luxury retailers like Burberry are experiencing a slowdown in spending. Fast food chains are also adjusting to customers reacting to rising prices by bringing back discounts. Upcoming events include earnings reports from companies like GitLab, CrowdStrike, and Lululemon, as well as economic indicators from S&P Global and the Institute for Supply Management.
Source: YAHOO