Inflation is still weighing on the consumer: Retail expert

Inflation is still weighing on the consumer: Retail expert

Retailers such as Target (TGT) and Foot Locker (FL) are set to report their quarterly results this week. Storch Advisors CEO Jerry Storch joins Yahoo Finance Live to discuss the current state of the consumer.

Storch, the former CEO of Toys “R” Us and Hudson’s Bay, says so far “the consumer has held up pretty well.” Despite this resilience, he notes that “inflation is still real” and other pressures remain, so investors will be watching retail results “with a very sharp eye.” Retail earnings…


Source link

About search

Check Also

Kenny Smith hasn't heard from Charles Barkley about retiring from broadcasting: 'We'll see' – Yahoo Sports

European Stocks Drop With US Tech Rally Faltering: Markets Wrap – Yahoo Finance

[unable to retrieve full-text content]European Stocks Drop With US Tech Rally Faltering: Markets Wrap  Yahoo Finance …

Leave a Reply

Your email address will not be published. Required fields are marked *