Americans are Shopping Again But Remain Selective

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stairs-906719_640For the past few months it’s been reported that American consumer spending has been lower than expected, but it’s finally on the rise again as Americans are shopping again, selectively.

The retail world has always had that “dog eat dog” quality, but it’s even more about winners and losers right now.
Just look at the stocks. Winners so far this year include Amazon (AMZN, Tech30) (+83%), Under Armour (UA) (+47%) and toy company Hasbro (HAS) (+41%).

But some of the worst performers are also retailers: Michael Kors (KORS) (-46%), Gap (GPS) (-37%) and Ralph Lauren (RL) (-37%), which is doing so poorly it recently replaced its founder with a new CEO.

Find out more at CNN Money.

Photo courtesy of: jarmoluk