Holiday outlooks due from retailers in test of US consumer

Quick Summary:

LAST week’s selloff, which comes on the heels of what has been a generally successful earnings season for Corporate America, has investors bracing for one final test: a reading on the state of the consumer from a series of retail bellwethers who report in the coming days.

She questions whether retailers would be able to pass higher costs down to Americans without hurting consumer demand, especially after many companies already raised prices in recent years.

Retailers also have less time to capture consumer spending, with five fewer shopping days between Thanksgiving and Christmas this year than in 2023.

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Article Details

Author / Journalist: Bloomberg

Category: BusinessStartups

Markets: PhilippinesChina

Topics: Retail Holiday Season Tariffs Likely Year Retailers Consumer Companies Percent Continue

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-19 @ 16:07:00 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 961 words

Reading Time: 6 minutes read

Sentences: 31 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 23700908

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Official Website: businessmirror.com.ph

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News Last Updated: 10 hours ago

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