A Mixed Picture for Retailers as Bargain-Hunting Shoppers Pick Their Spots

August 30, 2023

U.S. retailers are experiencing a mixed picture in terms of consumer spending trends, with discounted apparel, small home projects, and beauty products seeing strong demand, while other discretionary purchases remain subdued due to elevated prices. Discount apparel chains like TJX Cos and Ross Stores, along with cosmetics retailer Ulta Beauty, have raised their annual expectations, while retailers like Macy’s and Kohl’s are taking a more cautious approach. Retailers have noted that consumers are prioritizing experiences like movies and vacations over discretionary purchases, and the impact of inflation on spending habits is still evident.

Recent News

China’s Property Market Boost: Stocks Surge, Copper Hits Highs

The Chinese government unveiled a comprehensive support package that has sent ripples through financial markets. This initiative includes a slew of measures aimed at stimulating housing demand and addressing the excess inventory burdening developers. The immediate impact was a significant rally in Chinese stocks and a surge in commodity prices, notably copper, which hit record highs.