Resilient Consumer Spending Propels 2023 Holiday Sales: 4 Picks
American Eagle Outfitters(AEO) Zacks Investment Research·2024-01-20 00:02
Against the backdrop of inflation and high-interest rate concerns, U.S. consumers showcased remarkable resilience during the 2023 holiday season. Data released by the National Retail Federation (“NRF”) reveals a noteworthy 3.8% surge in sales, reaching a record-breaking $964.4 billion. This impressive performance aligns seamlessly with the NRF’s forecast, indicating a rise between 3% and 4%.Despite tighter budgets, Americans embraced the festive season, capitalizing on substantial discounts available across ...