According to some retailers’ earnings, Americans seem to still be shopping while high inflation continues to batter their wallets. How healthy is the average US consumer really, even after coming off a record holiday shopping season?
Telsey Advisory Group Founder and CEO Dana Telsey and UBS US Hardline & Broadline and Food Retail Analyst Michael Lasser offer two different perspectives on the US consumer. While Telsey believes consumers are “in a good place” and riding several economic headwinds, Lasser finds shoppers to be “fatigued” while spending “[becomes] a bit more episodic.”
Turning their attention to Target (TGT) — which COO and CFO Michael Fiddelke told Yahoo Finance the chain finds consumers to be “remarkably resilient” — the two analysts weigh in on the retailer’s latest earnings figures.
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