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Stock impact report

Why the Holidays Could Be a ‘Last Hurrah' for a Stretched U.S. Consumer [Yahoo! Finance]

TJX Companies, Inc. (The) (TJX) 
Last tjx companies, inc. (the) earnings: 2/26 08:00 am Check Earnings Report
US:NYSE Investor Relations: investor.tjx.com
Company Research Source: Yahoo! Finance
But Americans are focusing more on sales, avoiding big purchases and accruing more debt, economists said. Lower-income consumers, in particular, remain strained, according to economists who say spending could slow down next year. The year is shaping up to be more fruitful than many retailers expected. But several companies say they squeezed a bit more out of drained shoppers—and economists say demand could dry up next year. Sales were stronger than expected this fall, encouraging companies like Gap GAP ), Ralph Lauren ( RL ), TJX Cos. ( TJX E.l.f. Beauty ELF Home Depot HD ) and Walmart ( WMT ) to raise their year-end forecasts even as executives highlighted signs of consumer strain. Shoppers are choosing cheaper brands, stocking up during sales and holding off on big-ticket buys, company leaders said. Many Americans are working hard to cover basic expenses after years of stubborn inflation, while wealthier consumers are holding off on large purchases, economists said. “Afte Show less Read more
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