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Stock impact report

Retail Strength Challenges Holiday Spending Cut Predictions [Forbes]

Home Depot, Inc. (The) (HD) 
Last home depot, inc. (the) earnings: 2/25 06:00 am Check Earnings Report
US:NYSE Investor Relations: ir.homedepot.com
Company Research Source: Forbes
Consumers are spending, driven by rising net worth and strategic deal-seeking. Experts forecast solid holiday growth, indicating a resilient and positive outlook for retailers. Reading the headlines, one might think the National Retail Federation's projection that holiday sales will rise between 3.7% and 4.2% is just wishful thinking. The Wall Street Journal reported that retail sales were flat in October and CNBC announced that its latest survey found that over 40% of consumers expected to spend less this holiday due to the high cost of goods. But underneath the headlines, the retail market is chugging along nicely. The WSJ was comparing October retail sales to September—not a valid comparison. Looking year over year, total retail sales in October rose 3.8% to $745.2 billion and core retail sales were up 4.5% to $453 billion, excluding automobile, gasoline and food services. As for CNBC's survey, what people say they are going to do versus what they actually do can be quite dif Show less Read more
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