Investors are getting a mixed picture of the consumer as retail earnings point to segments of both weakness and strength in shoppers. Discount retailerjoins Catalysts to break down the two conflicting representations of US consumers, while pointing to some potential catalysts that could boost consumer spending.More retail names are out this morning giving us an inside look at the state of the consumer here, Dollar General and Birkenstock moving lower.Hey, hey, good morning to you both.
And moving along to a specialty, I guess consumer facing company Birkenstock, you have that shoe company saying that the demand is there.But consumers are being increasingly selective and more intentional with their spending and with that demand here in the America as they call it, they did see growth decelerate to f up 15%.This has been a attempt at a turnaround story.They did see their slightest same source sales decline since Q four of 2022 same source of sales were down 2.3%.
But something to watch out here for as consumers look to replace the goods that they got during the pandemic.Ok. Do I want to wait for the next A I I to come into concept to really replace? You see consumers still focus on grocery but also willing to splurge if they think that the cost is worth it.Of course, if interest rates come down if you know, mortgage rates change.But should the whole housing market improve then that could be a potential boost for them.ABC's rules for the Harris-Trump debate include muted mics when candidates aren't speaking
Russian President Vladimir Putin will visit Mongolia next week, the Kremlin said Thursday, despite the country being a member of the International Criminal Court, which last year issued a warrant for his arrest. The visit, scheduled for Sept. 3, will be Putin's first trip to an ICC member state since the warrant was issued in March 2023 over suspected war crimes in Ukraine.
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