Hitha Herzog on Retail Sales, Prime Day Distortions & Smarter Consumer Spending

Hitha Herzog explains why July's retail sales miss does not signal a major slowdown in consumer spending. She points to the timing of Amazon's (AMZN) Prime Day and spending data from Block's (XYZ) Cash App and Afterpay, showing consumers remain active but are prioritizing essentials such as groceries, utilities and dining. She also discusses what retailers should consider as they prepare inventory strategies for the holiday shopping season.======== Schwab Network ========Empowering every investor and trader, every market day. Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/ About Schwab Network - https://schwabnetwork.com/about