Consumers are spending and it's not just at Walmart and Amazon [CNN]
JC PENNEY (JCP)
Last jc penney earnings: 2/27 07:30 am
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Source: CNN
JUST WATCHED JCPenney gears up for early seasonal hiring MUST WATCH (9 Videos) New York (CNN Business) Black Friday is less than two weeks away, and American consumers, buoyed by a strong economy and rising wages, are ready to spend. But the landscape is much bigger than those two giants, and Wall Street knows it. So is online crafts retailer Etsy ( ETSY ), thanks in large part to a more than 40% jump in sales for its most recent quarter. In fact, Etsy's stock is up 150% this year, even better than Amazon's 40% gain. Read More Rising consumer tide lifting many retail boats Investors don't seem worried about US consumers suddenly derailing the economy. On Thursday, the US Census Bureau will release retail sales numbers for October and economists are predicting a robust jump of 0.6%. And it could get better. Software firm Adobe is forecasting that online shopping sales will increase 14.8% during
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