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Americans Are Cutting Back On Spending, But You Can Still Profit
Article By:
Brad Thomas
Saturday, December 2, 2023 3:40 PM EDT
For the past few years, retailers haven’t felt the pressure to offer deep discounts. Consumers had plenty of cash from stimulus payments and pandemic savings. But this year, Americans aren’t feeling great. And they’re holding back on spending.
Q1 2023 U.S. Retail Scorecard - Sunday, June 4
Article By:
Lipper Alpha Insight
Sunday, June 4, 2023 12:40 PM EDT
To date, 188 of the 204 companies in our Retail/Restaurant Index have reported their EPS results for Q1 2023, representing 92% of the index. Of those companies that have reported their results, 76% announced profits that beat analysts’ expectations.
JPMorgan says sell Nordstrom despite earnings beat, raised forecast
$KSS isn’t even close to comparison to Nordstroms. Gotta be crazy to think they are the same type of company. Completely different. Bullish on $JWN.