Value Retailers Thrive, Luxury Suffers in K-Shaped Economy

This weeks earnings reports reveal a stark divide in the retail industry. Value-focused stores like Walmart, Ross Stores, and TJX Companies saw strong results, with sales surging as consumers seek bargains amidst a K-shaped economy. However, retailers like Target and Home Depot struggled, reflecting the challenges of a divided consumer landscape heading into the holiday season.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.