'We are in somewhat uncharted territory with how much inflation we've actually seen,' Goldman Sachs managing director Kate McShane said.
. But a welcome sign for consumers' wallets isn't as straightforward a benefit for US retailers.
The answer to that conundrum depends on the retailer and the mix of products it carries, a Goldman Sachs team of analysts covering retail and consumer brands said during a media roundtable on Wednesday. "We are in somewhat uncharted territory with how much inflation we've actually seen," Goldman Sachs managing director Kate McShane said. "In fact, if you take a look at the sales growth composition of most of our retailers over the last 18 months, it's been driven by ticket inflation. In fact, units for most retailers have been down."McShane doesn't expect all companies in the grocery space to take a hit to revenue growth, though.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Different groups that 'don't look like America' together produce success in AmericaNews stories have reported that despite the Supreme Court’s decision in cases brought against Harvard and the University of North Carolina, those and other selective schools still want to employ racial quotas and preferences in admissions.
Read more »
Stock futures rise as traders bet data to show cooling inflationStock index futures were higher, Treasury yields and the dollar lower, as investors hoped data Wednesday will show inflation at its slowest pace in two years.
Read more »
BoE's Bailey: Latest jobs data show some signs of labour market cooling'I think there are some interesting pieces of evidence in labour market data, it's a continuation in some cases - if you look at the vacancy to unempl
Read more »
Wall St rallies as cooling inflation eases Fed rate hike fears By Reuters⚠️BREAKING: *U.S. STOCKS RALLY, BOND YIELDS PLUNGE AS INFLATION COOLS TO TWO-YEAR LOW IN JUNE 🇺🇸🇺🇸
Read more »
U.S. stock futures signal fresh 15-month high amid cooling inflation optimismEquity bulls continue to be energized by Wednesday's news that U.S. headline inflation has fallen to its lowest level in more than two years,
Read more »
Inflation cooling everywhere except FloridaThe price of food, gas, and houses keeps going up — even if it appears to be slowing.
Read more »