Resilient, optimistic consumers are opening their wallets again, leading retailers to boost their forecasts.
“The holiday season seems like it came in pretty solid for a lot of retailers,” Joe Feldman of Telsey Advisory Group told Yahoo Finance at the ICR conference. While consumers are still selective about their purchases, the higher spending was in line with expectations that people would “shift their spend from a Taylor Swift (experience) to buying stuff,” per Feldman.
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