Strong holiday retail sales benefit Abercrombie & Fitch, Amazon, Costco, and Walmart

From Nasdaq: 2025-01-22 02:06:00

December retail sales ended 2024 on a high note, with a 0.4% increase and total sales reaching $729.2 billion. Various categories, including miscellaneous stores and sporting goods outlets, showed strong performance. Consumers benefited from a resilient labor market and strategic Federal Reserve policies.

Prominent retailers like Abercrombie & Fitch, Amazon, Costco, and Walmart saw positive outcomes from increased consumer spending. Sales in different sectors varied, with increases in furniture stores and decreases in building material dealers and food services.

Abercrombie & Fitch excels in brand visibility and global expansion, expecting a 7-8% growth in net sales for the fourth quarter. Amazon’s robust logistics network drives revenue growth, with an estimated 10.9% increase in current financial-year sales. Costco leverages its membership model successfully, with 7.2% growth in sales projected for the current financial year. Walmart embraces technology for growth, anticipating a 4.8% increase in sales for the current financial year.

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