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Table of Contents
Executive Summary
Higher-income spending props up retail sector as value-seeking spreads ahead of the holidays
K-shaped economy, housing market stagnation weigh on home-related retailers
Amazon and Walmart gain momentum, while Target struggles
Holiday setup favors off-price as demand for value broadens
Sources
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About This Report
Q3 consumer spending looked steady, but the gains were fueled mainly by higher-income shoppers, revealing a split landscape that bolstered value and essentials retailers while squeezing brands dependent on discretionary and big-ticket projects.
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