Investing.com: Will Shrink Strike Again? DICK’S, Best Buy Highlight Week 2 of Retail Earnings

Read the full article on Investing.com.

Excerpt:

  • Last week’s read on consumer sentiment is not what retailer executives want to see as the shopping season progresses

  • Following mixed results from a few big-name companies, smaller firms issue quarterly numbers early next week before everyone takes off for Thanksgiving

  • We profile two retailers that have struggled this year for signs of a turnaround

Watch what I do, not what I say. That’s likely to be the mantra heading into the holiday shopping season. The National Retail Federation predicts a modest rise in overall spending, but there are mixed signals when assessing card usage trends from the latest batch of weekly and monthly updates. What’s more, the University of Michigan’s Consumer Sentiment Survey revealed the weakest reading since May, despite the rapid fall-off in gas prices.

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