With the changing seasons comes the flip switch for many consumers seeking promotional deals as they try to knock off their holiday shopping. Ross Stores (ROST) and Gap (GAP) were the latest retailers to report their latest earnings, following Lowe’s (LOW), Walmart (WMT), and Target (TGT) earlier in the week.
"The consumer is still stretched by the cumulative effect of so much inflation, and they’re deeper in debt than they’ve been before. So what we see are strong value players are doing great, but companies that rely too heavily on discretionary purchases are not doing so well," Storch Advisors CEO Jerry Storch tells Yahoo Finance.
Storch — who previously served as CEO for both Toys R Us and Hudson’s Bay — sits down with Seana Smith and Madison Mills on Catalysts to better illustrate the consumer environment for several of these top retail names, giving insights into how stores are reacting to President-elect Donald Trump’s proposed tariff policies.
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