The Reasons Why Consumer Spending Has Been So Uneven Lately
The big question is why retailers like Home Depot are flush with customers and sales while others like Nordstrom and JCPenney's are struggling.
Consumer spending has been uneven of late. Retailers such as Home Depot (HD) - Get Report are flush with customers and sales while others like Nordstrom (JWN) - Get Report and JCPenney's (JCP) - Get Report are struggling. What gives? Popular Duke University professor of behavioral economics, Dan Ariely explains what's going on and also offers insights into how higher gas prices and the elections might impact future spending. TheStreet's Jeanne Yurman has details from Wall Street.
