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0 0 0.00303951367781159 -0.000607902735562189 0.00303951367781159 0.003647416413374 0.0024316109422494 0.003647416413374
Stock impact report

Major retailers vie for piece of holiday spending boom as gulf between industry's winners and losers widens [Fortune]

Macy's Inc (M) 
Last macy's inc earnings: 2/25 06:55 am Check Earnings Report
US:NYSE Investor Relations: macysinc.com/ir
Company Research Source: Fortune
among those boasting about a Q3 beat and projecting optimism about sales to close the year. However, other giants in the space—think Kohl's, Macy's, and Target—are struggling, especially considering the success of discount competitors like Walmart and Costco . Research indicates these big box stores are courting budget-conscious customers, taking advantage of a subtle rise in sentiment now that inflation has cooled. An emphasis on value and affordability is creating a stark divide between the industry's winners and losers. Many of the apparent victors, meanwhile, are carrying momentum into the all-important holiday season as Americans reach deep into their wallets to splurge on gifts for family and friends. Related Video During this holiday season, consumers plan to spend an average of $2,100 on top of their monthly expenses, according to an annual survey from the Bank of America Institute—a 7% jump from last year. While 62% of respondents anticipated feeling financial strain ar Show less Read more
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