Wednesday, October 26, 2016

The U.S. Retail Environment? It's Doing Just Fine, Thanks

1477334866_GettyImages-467778295Unemployment in the U.S. is really low. So are gasoline prices. Inflation is basically nonexistent. Home values continue to rise. There are legitimate wage gains. The stock market is up for the year and close to an all-time high. All this has pushed one measure of consumer confidence to the highest level in about a decade.

“Every metric related to the consumer is healthier now than it was the past couple years,” said John Kernan, an analyst for Cowen & Co. “The consumer is in a very good position right now.”. . . more

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