June 15, 2011
Last month we reported a dip in U.S. consumer spending growth as inflation woes escalated. Now our June survey of 2,754 consumers finds yet another weakening of U.S. spending behavior going forward, along with a rapidly escalating deterioration in consumer expectations and confidence. The June 1-10 survey also shows the slowdown in growth is disproportionately hitting three key spending categories. On the Home Entertainment front, two companies are showing outstanding performance during June, but it's continued tough times for one electronics retailer. 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 Consumer Spending Report is available here. |