PwC’s survey indicates that overall spending will decrease by about 5% from last year, with Gen Z reducing their holiday budgets by nearly a quarter, while older shoppers plan to maintain their current spending levels or increase it.
Off-price shopping is trending, with TJX Companies Inc (TJX) as a major beneficiary. Placer.ai reports a jump in visits to TJX stores, while rival Ross Stores Inc (ROST) may reinforce this trend. ETFs with off-price exposure may perform better.
Reborn Coffee Inc. (NASDAQ: REBN) is reviewing blockchain-based digital asset strategies to strengthen its financial foundation, while expanding globally.
The Consumer Price Index rose 2.7% in the 12 months through July, according to data published last Tuesday, unchanged from the June rate and less than what economists had expected.
