4 Retail Stocks to Buy as Consumer Confidence Lifts Holiday Prospects
A&F(ANF) ZACKS·2024-11-02 04:01
The latest consumer confidence data offers promising insights for retailers and the broader U.S. economy. According to the Conference Board, the Consumer Confidence Index surged to 108.7 in October 2024, marking a solid monthly gain since March 2021. This surge reflects a significant increase in optimism among U.S. consumers, a shift that is likely to drive robust spending as the holiday season kicks in.This positive sentiment is particularly encouraging for retail companies — Target Corporation (TGT) , Boo ...