AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Goldman Sachs The Markets
What are retail earnings and CPI telling us about the US consumer?
Nov 17, 2023
Discussion on declining retail sales and consumer spending in the US, resilient consumers despite spending less frequently. Performance of retail sectors with challenges in housing and autos, positive in restaurants and smaller ticket experiences. Impact of consumer price index on rate decisions. Predictions for Black Friday, increase in consumer spending in apparel, footwear, and electronics.
06:12
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- Big retailers like Walmart and Home Depot are experiencing a slight pullback in discretionary spending, but their earnings remain strong due to clean margins and lower costs.
- Sectors tied to big-ticket items like housing and autos are underperforming, while spending on restaurants and smaller ticket experiences is stronger.
Deep dives
Consumer Spending is Starting to Slow Down
The podcast explores how consumers in the US are starting to pull back on spending. While big retailers like Walmart and Home Depot have acknowledged a slight pullback in discretionary spending, earnings of these companies are still good due to clean margins, lower inventory costs, and favorable labor costs. Sectors tied to big-ticket items like housing and autos are performing less well, while restaurants and smaller ticket experiences are seeing stronger spending.
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode