The former Target vice chairman and ex-Toys R Us chief executive said it is clear consumers are running low on savings ahead of the holiday season.
Comedian's scorching takedown of Dems at Al Smith dinner goes viral: 'Murder of an entire political party'
While jobless claims saw a boost soon after Hurricane Helene wreaked havoc across the Southeastern states, the number of Americans filing claims unexpectedly fell last week in another good sign for the economy. Workers forced to stay at factory drowned during Hurricane Helene — while CEO snuck out and survived: scathing lawsuit
“I would think that we can get growth in 2.5% range, that’d be doing pretty well, and that’s not very good,” Storch told FOX Business. “In the heydays there, we’d really want to see something that’s more like 4% type of growth.” “The election’s going to weigh on things and the geopolitical situation as well, so I think it’s going to be a pretty weak Christmas,” Storch said.“A lot of these retailers expanded very rapidly. Walgreens has like 4,000 stores — it’s incredible. Same thing for Family Dollar,” Storch said. “That big bet on physical locations just as the consumer was slowing down, and, of course, the internet’s been growing.
Consumer Spending Holiday Shopping Inflation Target Toys “R” Us
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