From Investing.com: 2024-06-07 01:11:04

Investors are analyzing U.S. credit card spending to predict summer specialty retailer trends. Sales of trendy clothing like Birkenstock and Abercrombie & Fitch are up, while electronics and homeware are declining. Retailers like Home Depot are struggling, while brands like Nordstrom and Dick’s Sporting Goods are thriving with hot products like Hoka shoes.

Consumer Edge research firm studied credit card data, showing increased spending on Vuori and Skims products, with Skims expected to go public. Abercrombie & Fitch and certain shoe brands also saw growth, while Victoria’s Secret and Under Armour experienced declines. Niche companies are gaining market share in clothing and shoes, impacting established players.



Read more at Investing.com: Americans are getting pickier, but they are still spending on hot items By Reuters