Retail & Ecommerce Earnings Q3 2024

How Lingering Inflation Effects Shaped Spending Patterns

Report by Zak Stambor, and Rachel Wolff  | Dec 11, 2024
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Retail Sales
United States

What do Q3 2024 earnings tell us about the state of US consumer spending? US consumers continued to spend throughout Q3, but the lingering effects of inflation made them increasingly discerning about where and when they pulled out their wallets.

Who is this report for? Retail and ecommerce executives and marketing executives trying to navigate a shifting retail landscape.

Value-Oriented Retailers Benefited From Consumers' Value Focus (% change YoY and billions in US net sales of major retailers, by retail category, Q4 2022-Q3 2024)
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Value-Oriented Retailers Benefited From Consumers' Value Focus (% change YoY and billions in US net sales of major retailers, by retail category, Q4 2022-Q3 2024)Department Stores Struggled as Shoppers Pulled Back on Discretionary Spend (% change YoY and billions in US Macy's, Kohl's, and Nordstrom net sales, Q4 2022-Q3 2024)
Unexpected Weather Provided a Boost to Home Improvement Sales (% change YoY and billions in US net sales of The Home Depot, Lowe's, and Wayfair, Q4 2022-Q3 2024)Target Trails Far Behind Amazon and Walmart in US Mass Merchant Sales Growth (% change YoY and billions in US Walmart, Amazon, and Target net sales, Q4 2022-Q3 2024)
Value-Conscious Shoppers Boost Off-Price Retailers' Sales (% change YoY and billions in US net sales of select off-price retailers, Q4 2022-Q3 2024) ​​

authors

Zak Stambor, and Rachel Wolff

Contributors

Brian Lau
Senior Forecasting Analyst
Oscar Orozco
Senior Director, Forecasting
Tyler Van Dyke