Rising Retail Headwinds? Clues from Victoria's Secret and GameStop Preliminary Earnings
GMEGameStop(GME) See It Market·2024-06-05 21:57

The following research was contributed to by Christine Short, VP of Research at Wall Street Horizon. April U.S. Retail Sales were below estimates, but other macro data show decent spending trends After issuing preliminary earnings reports in May, Victoria’s Secret and GameStop hint at differing consumer vibes The two firms also host shareholder meetings next week, potentially drawing further volatility It’s hard to paint the American consumer using one broad brush. Upper-end households seem to be doing fine ...