Reported about 2 months ago
Jerry Storch, ex-CEO of Hudson's Bay and current CEO of Storch Advisors, emphasizes that consumer health may be overstated, pointing out that retail sales growth has lagged behind inflation significantly. He suggests consumers are spending more while receiving less value, implicating a discerning shopping behavior prompted by ongoing inflation. Storch also highlights Walmart, Costco, TJX Companies, and Amazon as successful companies in the current market.
Source: YAHOO