Charles Payne: I tip my hat to the retail crowd for being smart and nimble
FOX Business host Charles Payne gives his take on retail investing on ‘Making Money.’
The holiday shopping season is fully underway with Black Friday just days away.
Three weeks into the season and retailers are finding sales so far are dead even with last year at this time as consumers fight an uphill battle with inflationary headwinds.
Shoppers are hitting their keyboards, spending $64.59 billion online, up 0.1% year-over-year (YoY) and essentially flat, according to Adobe Analytics.
There have been nine days when shoppers spent over $2 billion online in a single day (12 days at over $3 billion online) — on par with levels in 2021.
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