Research shows weaker consumer spending in Europe
What: Jane & Hall Associates’ latest investment research lays out Europe’s retail trends.
Why it is important: The firm reported that the most notable trend was weaker consumer spending in Europe compared to the US.
As well, there have been and continue to be a significant number of store openings and remodelling in London. Despite strong in-store assortments across apparel, accessories and footwear as well as tourism returning, the firm saw that consumer discretionary categories were hit harder in the US.
Jane & Hill Associates also expressed caution about brands with strong European presence such as Nike, Foot Locker, Abercrombie & Fitch, Levi’s, and VF Corp, among others.
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