HomeLifestyleRetailKSS, TRP, ASO: Overall Spending Is Solidly Above Last Year

KSS, TRP, ASO: Overall Spending Is Solidly Above Last Year

I’m more optimistic about the consumer than most, notes Jan Rogers Kniffen. He discusses the takeaways from today’s retail sales print. He talks about how inflation, rates, and the Fed slashing the money supply all hurt, but a strong labor market offsets those. He highlights that overall spending is solidly above last year, which makes him more optimistic about 5% holiday growth. He then goes over retail stocks to watch including Kohl’s (KSS), Tapestry (TPR), and Academy Sports & Outdoors (ASO). Tune in to find out more about the stock market today.

The Watch List

17 Oct 2023

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