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U.S. stock market anomaly | Department store stocks rise, Dillard's up more than 4%.
October 15th | Dillard's rose more than 4%, Nordstrom rose more than 3.6%, Macy's rose more than 3%, Kohl's Corp rose more than 2.3%. On the news side, a survey by Deloitte of over 4,000 respondents showed a 3% decrease in consumers' willingness to buy gifts compared to a year ago. However, shoppers indicate they will increase their total spending by 8% from October to December, with spending on experiences, decorations, and entertainment as the main driver. In addition, from Target, Macy's to the parcel delivery company UPS, various American companies plan to hire thousands of seasonal employees before the key holiday season arrives.
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