Holiday Spending Rises Despite Inflation, This Data Shows
Retail stocks are performing well this holiday season, with a 4.2% increase in spending despite inflation concerns. Amazon, Walmart, and Target are drawing investor focus. Visa's data shows consumer spending up 4.2% year-over-year, driven by technology and personal goods. Online sales rose 7.8%, with AI influencing shopping behavior. Electronics and apparel led gains, while home-related categories lagged. The National Retail Federation expects holiday sales to reach $1.01-$1.02 trillion. Higher-income consumers are spending more, while lower-income shoppers are cautious.
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