Retailers are dealing with a longer and more promotional end-of-the-year period than normal.
Goldman Sachs named Amazon and Etsy as top stock picks heading into 2022 holiday season. Analyst Eric Sheridan expects growth will decelerate in the fourth quarter for retailers, as they deal with a longer and more promotional end-of-the-year period than normal. Companies are dealing with the effects excess inventory, and inflation squeezing consumers.
While that was slightly below expectations, it remains well above the Fed's 2% inflation goal. Still, he says some retailers will pull ahead of the crowd.
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