Gerald Storch, CEO of Storch Advisors, discussed the current consumer spending trends in the U.S. He highlighted that consumers are spending more money but receiving less value in return. This trend raises concerns about consumer behavior and economic conditions as the holiday season approaches, indicating potential challenges for retailers trying to attract shoppers who may be less satisfied with their purchases.
Negative
Retail stocks may struggle as evidence suggests consumers are dissatisfied with their purchases, potentially leading to decreased sales during the holiday season. Investors should exercise caution with retail-focused stocks, especially those reliant on consumer discretionary spending.
Oct 7, 2024, 5:04 AM
A new analysis estimates that the former president’s proposals could grow deficits by as much as $15 trillion over a decade.
Storch Advisors CEO Gerald Storch discusses the impact of the dockworker strike on retailers and consumers, the demand for a ban on automation, and whether Biden should get involved in the strike.
Sep 30, 2024, 5:00 AM
Last year, apparel resale in the United States grew seven times the rate of the broader retail industry. Independent resellers and corporate giants are getting creative to meet the demand.