Bargain-hungry shoppers prove choosy about where to spend their holiday dollars [Yahoo! Finance]
KeyCorp (KEY)
Last keycorp earnings: 4/16 06:30 am
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Source: Yahoo! Finance
that partly comes down to bargain-hungry customers' finicky appetites for nonessentials, analysts say. “The main takeaway here is that the American consumer is still being very value-conscious and increasingly shifting their dollars to Walmart from many other retailers, including Target,” said Brad Thomas, managing director at KeyBanc Capital Markets. On Wednesday, Target cited “lingering softness in discretionary categories” as a top factor in its disappointing third-quarter sales, as many budget-conscious shoppers continue to focus on necessities. It's the latest sign that discounts will be the driving force this holiday season, as they've been for much of this year. Customers still seem eager to reward other brands that double down on value. Walmart posted better-than-expected earnings this week and gave a solid outlook heading into the holidays. In fact, spending outside its grocery aisles ticked up for the second quarter in a row, reversing a long run of declines. The paren
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KEY
Earnings
- 10/17/24 - Beat
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Sec Filings
- 11/8/24 - Form 4
- 11/8/24 - Form 4
- 11/7/24 - Form 4
- KEY's page on the SEC website