Consumer Cos Down After December Retail Sales Data -- Consumer Roundup [MarketWatch]
Party City Holdco Inc. (PRTY)
Last party city holdco inc. earnings: 3/12 06:55 am
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Source: MarketWatch
Retail sales declined a seasonally adjusted 1.1% in December from the prior month, the Commerce Department said Wednesday. "Retail sales and holiday spending fell slightly short of expectations, indicating that the consumer is tightening its belt a little bit," said Oliver Pursche, senior vice president at financial advisory Wealthspire. The National Association of Home Builders' monthly confidence index rose 4 points to 35 in January as mortgage rates slipped somewhat. Party-supply store chain Party City Holdco filed for bankruptcy as changing consumer behavior frustrated its efforts to bounce back from the pandemic. Write to Rob Curran at rob.curran@dowjones.com
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