Reported about 1 month ago
Despite strong retail sales in July showing consumer resilience, analysts indicate that shoppers are more selective, leading to mixed signals about overall consumer strength. CFRA's Zachary Warring explains that while consumers are prioritizing value by shopping at off-price retailers like TJ Maxx and Ross Stores, there are signs of growth in companies like Abercrombie & Fitch, suggesting varied opportunities in the retail sector.
Source: YAHOO