November 14, 2011
Consumer spending is rising in November according to the latest ChangeWave survey, but the holiday shopping growth rate is proving below that of last year. ChangeWave Research is a division of The 451 Group. The survey of 2,691 U.S. consumers, completed November 13, shows a surge in two key spending areas, as well as a significant improvement in confidence and expectations. The biggest beneficiary here appears to be Amazon (AMZN), as it continues to grow its overall dominance of the online shopping space. Report details include:
Companies in the Report: AMAZON (AMZN), APPLE (AAPL), BEST BUY (BBY), COSTCO (COST), J.C. PENNEY (JCP), MACY'S (M), TARGET (TGT), WAL-MART (WMT) The complete Consumer Holiday Spending Report is available here. |