Goldman Sachs The Markets What Black Friday numbers say about the US consumer
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Dec 6, 2024 Retail stocks are on the rise as the holiday shopping season approaches. Insights reveal a surprising boost in consumer spending during Black Friday and Cyber Monday, especially in apparel and footwear. There's a renewed buzz in mall traffic, while department stores continue to face challenges. The conversation also touches on the resilience of low-income consumers and how companies are adapting to meet their needs. Finally, a spirited discussion about the upcoming college football bowl season adds a fun twist to the consumer landscape!
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Retail Stock Rally
- Retail stocks have been rallying, driven by better-than-expected earnings and positive macro factors.
- This combination of factors contributes to the overall positive performance of retail stocks.
Holiday Shopping Season Importance
- The holiday shopping season, especially Black Friday week, significantly impacts retailers' annual sales.
- It's a key indicator of consumer sentiment and spending intentions for the next year.
Black Friday and Cyber Monday Trends
- Both online and in-store sales show strength during Black Friday and Cyber Monday.
- Mall traffic has seen a significant increase compared to the rest of the year.