Gloomy U.S. retail outlook dulls hopes of strong holiday season spending


Latest results and forecasts from retailers ranging from Macy’s (M) to Foot Locker (FL) are fresh signs that U.S. consumer spending is under stress heading into the second half of the year.

“It is going to be a challenging back half,” said Telsey Advisory Group analyst Cristina Fernandez, adding that consumers are looking for value and spending on buying the things they need.

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