Wall Street Breakfast Holidays getting a retail therapy boost
Oct 16, 2025
Wells Fargo predicts that fears surrounding jobs and tariffs might lead to a boost in holiday spending by 3.5-4%. Exciting collaborations are underway as Snowflake partners with Palantir. In the fast food world, Jack in the Box is selling Del Taco to streamline operations. BTIG names Nike as a top retail pick, while Yum Brands continues to dominate drive-thru speeds. Meanwhile, there’s a striking projection of $3 trillion in AI spending by 2028, highlighting robust investment fueled by established companies.
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Holiday Spending May Rise Despite Economic Worries
- Wells Fargo expects holiday spending to rise 3.5%–4% despite cooling jobs and tariff fears.
- Tim Quinlan says shoppers seek comfort and normalcy, driving retail therapy amid uncertainty.
Tariffs Could Shift Gifts Toward Cards
- Tariff concerns could push consumers to buy gift cards instead of goods this season.
- Gift card buying may accelerate online shopping and boost redemptions in early 2026.
BTIG Names Retail Winners Into Next Year
- BTIG launched coverage naming Nike its favorite retail idea and rated several retailers buy.
- Other top picks include Walmart, Ralph Lauren, Tapestry, TJX, and Levi Strauss.