US Spending Environment for Luxury Shopping to Remain Lackluster -- Market Talk

Dow Jones04-23

1858 ET - The U.S. consumer approach to retail shopping is expected to remain lackluster over the next 90 days, UBS analysts say in a research note. New data show spending intentions for softgoods is flat when compared to April 2023, dropping 1.9% from April 2022. The American consumer remains under pressure due to inflation, the analysts say, noting that expectations around Mother's Day are weaker vs. 2017, 2018, 2019, 2022 and 2023. Plus, clothing is one of the less popular gifts, the analysts say. UBS likes the stocks of Deckers Outdoor, Ralph Lauren, Signet Jewelers and Skechers over Children's Place, Foot Locker, VF Corp and Victoria's Secret. (sabela.ojea@wsj.com; @sabelaojeaguix)

(END) Dow Jones Newswires

April 22, 2024 18:58 ET (22:58 GMT)

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Plus, clothing is one of the less popular gifts, the analysts say. UBS likes the stocks of Deckers Outdoor, Ralph Lauren, Signet Jewelers and Skechers over Children's Place, Foot Locker, VF Corp and Victoria's Secret. 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New data show spending intentions for softgoods is ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4202","symbol_name":"服装、服饰与奢侈品","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2429425900","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2429425900","pubTimestamp":1713826680,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1858 ET - The U.S. consumer approach to retail shopping is expected to remain lackluster over the next 90 days, UBS analysts say in a research note. 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