Consumer Spending for Softgoods Healthy, Price Increases Show -- Market Talk

Dow Jones2024-11-12

1221 ET - Prices for softgoods continued to increase in October for the fourth consecutive month, which would prove consumer spending remains reasonable healthy, UBS analysts say in a research note. "We believe this is a modest positive for softlines stocks, since our conversations with investors suggest the market isn't convinced the softlines consumer spending is healthy," the analysts say after seeing prices rise 2% in October. Foot Locker, PVH and Abercrombie & Fitch were the retailers with bigger hikes in out-the-door prices, according to the data disclosed by UBS data. (sabela.ojea@wsj.com; @sabelaojeaguix)

(END) Dow Jones Newswires

November 11, 2024 12:21 ET (17:21 GMT)

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Foot Locker, PVH and Abercrombie &amp; Fitch were the retailers with bigger hikes in out-the-door prices, according to the data disclosed by UBS data. 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