4 Retail Stocks to Buy as Consumer Spending Stays Strong
A&F(ANF) ZACKS·2024-10-22 04:00
September brought encouraging news with consumer spending held up firmly, signaling continued economic resilience. Lower gasoline prices, continued wage gains and supportive monetary policies from the Federal Reserve have given consumers more spending power. This boost in retail activity comes at a crucial time, as industry players gear up for the upcoming holiday shopping season. As per the Commerce Department, retail sales in September reached $714.4 billion, up from $711.3 billion in August, reflecting a ...