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Americans could be on a tight budget this summer [Yahoo! Finance]
Last ross stores, inc. earnings: 3/3 04:01 pm
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US:NASDAQ Investor Relations: investors.rossstores.com
Americans tend to shell out in the summer as they venture outdoors, book trips and step away from their desks. This year, warm weather might not be enough to get consumers to open up their wallets. Consumers plan to spend less on away-from-home entertainment and vacations this summer, according to the 2024 KPMG Consumer Pulse Survey released Tuesday. That's a contrast to last year when Americans shelled out on the “Barbenheimer” phenomenon, Taylor Swift and Beyoncé concert tickets and getaways. Americans expect to reduce their monthly spending on dining out by 9% on average, by 8% for entertainment and media and by 7% on travel and vacations. It's not just discretionary spending that could take a hit. Just 21% of consumers plan to spend more on personal care products, a drop from 32% last year, according to the survey. “Consumers are tightening their belts another notch as they hunt for discounts, and even some essentials are being impacted,” said Duleep Rodrigo, KPMG's US co
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- Ross Stores (ROST) Declines More Than Market: Some Information for Investors [Yahoo! Finance][Yahoo! Finance]
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