Newscasts - Investment strategist expects steady Black Friday

Kohls

26/11/2025 22:05

Click the following link to watch video: https://share.newscasts.refinitiv.com/link?entryId=1_0yiwgmrg&referenceId=tag:reuters.com,2025:newsml_RW527426112025RP1_930&pageId=Newscasts
Source: 'Reuters - Business videos'

Description: Leah Bennett, chief investment strategist at Concurrent Investment Advisors, says holiday sales should hold up despite softer expectations, noting that sluggish payroll growth is weighing slightly on the lower-end consumer but overall spending looks steady heading into Black Friday.

Short Link: https://lseg.group/4oi16Fi

Video Transcript:

The holiday season, expectations are trending down a little bit because payroll has not been strong. It continues to trend down. I think expectations are still fairly muted despite the fact that we've seen Kohl's and some others report some pretty good numbers. I think all eyes are going to be certainly on Friday, but also on Cyber Monday, which is just as important as a Black Friday now. I think numbers will probably be okay. The lower end consumer continues to be weak, and the upper end consumer has been trailing off a little bit. You see that in the art market and some of the other luxury markets as well.