Solid reports from Kohl’s (KSS), Macy’s (M), and TJ Maxx (TJX) last week demonstrated
that consumers are shopping
and they aren’t balking at higher prices
LikeFolio’s Earnings Scores for apparel-based retailers have recorded a substantial bullish lean this quarter.
It really comes down to how well companies are managing supply chain strain…but demand is palpable.
What does data suggest for Nordstrom (JWN) ahead of earnings?
A similar theme: building consumer momentum.
Check out the scatter chart below, showing QoQ momentum for major apparel-based retailers.