April 13, 2011
U.S. consumer spending is holding relatively steady in April although the impact of inflation and higher energy costs continues to be felt by consumers, according to a new ChangeWave survey. Importantly, the survey of 2,710 consumers – completed April 12 – shows a modest uptick in consumer confidence and expectations, along with improved spending on household repairs and travel/vacations. Several major retailers are showing renewed momentum this month, and on the home entertainment front two key companies have hit their highest levels ever in a ChangeWave survey. Report details include:
Companies in the Report: AMAZON (AMZN), APPLE (AAPL), BED BATH & BEYOND (BBBY), BEST BUY (BBY), COSTCO (COST), J.C. PENNEY (JCP), MACY'S (M), NORDSTROM (JWN), TARGET (TGT), WAL-MART (WMT) The complete April Consumer Spending Report is available here. |