Reported 6 months ago
The upcoming results from mall-based apparel chains like Abercrombie, American Eagle, and Gap will reveal whether American shoppers are splurging on clothing and accessories as summer approaches. Expectations are for revenue growth at Abercrombie and American Eagle, while Gap is anticipated to show marginal sales growth after consecutive declines, focusing on in-season merchandise to drive demand at full price. The shift towards fresh styles and cleaner inventories has helped reduce discounting and boost margins, with shoppers showing a preference for apparel over big-ticket items like electronics. This trend follows mixed results from Walmart and Target, with Walmart's strong performance in groceries and non-essentials hinting at potential shifts in consumer spending habits.
Source: YAHOO