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25.11.25 - 20:12
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Consumer Strain Moves Beyond Low-Income Into Heart Of Middle Class (ZeroHedge)
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Consumer Strain Moves Beyond Low-Income Into Heart Of Middle Class
Goldman Sachs Managing Director Kate McShane provided clients with a summary of key takeaways from her meetings with the investor-relations and management teams of Bath & Body Works, BJ's Wholesale Club, The Home Depot, Lowe's, Target, Walmart, and Williams-Sonoma.
McShane noted that nearly every retailer warned of weak consumer demand, especially among squeezed lower-income households.
Low to middle-income consumers remain fragile, value-driven, and cautious ahead of the holiday shopping season that begins Friday.
One commentary that stood out the most came from Advance Auto Parts.
She noted, "They're seeing lower- to middle-income consumers decrease their spending across general merchandise."
Here's the breakdown:
McShane's note reinforces our earlier consumer notes, showing a clear tale of two worlds: one where wealthy households remain healthy, while working-class consumers bear the brunt of financial ...
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19.11.25 - 15:54
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Williams-Sonoma Q3 Profit Rises (AFX)
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WASHINGTON (dpa-AFX) - Williams-Sonoma, Inc. (WSM) on Wednesday reported its third-quarter results with profit increasing driven by topline growth.Third-quarter net earnings increased to $241.6 mi......
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