Time to Invest in What Consumers Need?
Consumer confidence seems to be deteriorating in the U.S. economy, and if it diminishes further, any economic growth will become questionable. When consumers are confident, they go out and spend, resulting in an increase in the consumer spending, which makes up 70% of the gross domestic product (GDP) of the U.S. economy.
Recently, clothing store chain Abercrombie & Fitch Co. (NYSE/ANF) reported that the company’s corporate earnings fell 33% in the second quarter of this year from the same period a year ago. The company’s same store sales declined
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