Holiday Shopping Season Separates Winning Retailers From Losers
Published On Nov 29, 2024, 5:02 AM
Consumer spending heading into the holiday shopping season is cautious, with shoppers becoming more selective due to inflation and potential tariff impacts. Retailers like Walmart are doing well, exceeding sales estimates and raising their forecasts, while Target has faced difficulties, missing sales expectations and experiencing a significant drop in stock value.
Stock Forecasts
WMT
Positive
Walmart's strong performance during the holiday shopping period suggests resilience and a positive outlook for its stock as demand shifts towards value-driven retailers. Investors might consider Walmart a strong buy.
TGT
Negative
Target's significant drop in stock values and missed sales expectations indicate challenges moving forward, particularly with its focus on discretionary items. As consumer spending tightens, Target's stock may continue to face pressure.
Related News
Black Friday Used to Be Fun for Shoppers. What Happened?
Nov 29, 2024, 12:00 AM
Lining up early outside stores and hunting for deals was once part of a gratifying Black Friday. It no longer feels that way.
The experience of interacting with small business owners at winter markets makes holiday shopping “a little bit more wholesome” for some visitors.
Target’s Hot Santa Ads Join ‘Hot Frosty’ in Spiced Up Holidays
Nov 28, 2024, 5:04 AM
A new series of ads from Target features Kris K., a “weirdly hot” version of the beloved character, continuing a trend of spicing up holiday favorites.