Earnings this week show shoppers will spend money for value, favoring two retail stocks

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A busy week of retail earnings revealed that American consumers are spending with value top of mind.

It's a trend that benefits two Club names well-positioned to sell the best inventory at competitive prices. Target , Walmart and TJX Companies reported very different second-quarter earnings results over the past few days that show cost-conscious consumers continue to spend on essentials and services but are more discerning on their discretionary purchases.

Customers wait in line to check out purchases at Costco store on June 28, 2023 in Teterboro, New Jersey. Costco is cracking down on membership card sharing at its stores. It's a trend that benefits two Club names well-positioned to sell the best inventory at competitive prices.

 

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