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Gap, Abercrombie results to show if mall shoppers are splurging
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Gap, Abercrombie Results to Show if Mall Shoppers Are Splurging
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Analysis-Walmart s Strong Forecast Signals a Resilient Consumer
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A positive forecast from retail bellwether Walmart on Thursday signaled a resilient U.S. shopper, in line with earlier remarks by one of its key suppliers and one of its retail rivals. American shoppers are opening their wallets, spending money on bargain-priced goods in stores and online, with many people turning to Walmart's delivery service for convenience, Walmart executives said on Thursday. Procter & Gamble, one of Walmart's biggest and most important suppliers, recently also raised its full year profit forecast.