Retail

From Gucci bags to Google stock — here’s what you could do with stimulus check

0


A pedestrian wearing a protective mask walks past the Macy’s Inc. flagship store in the Herald Square area of New York, U.S., on Tuesday, Nov. 17, 2020.

Victor J. Blue | Bloomberg | Getty Images

On any given day, the line outside the Gucci boutique at the Mall at Short Hills in N.J. winds around the second floor nearly to the escalator.

Among the shoppers waiting to enter are Gucci’s typical clientele as well as new customers who just became $1,400 richer.

“Stimulus has definitely been beneficial,” said Cowen & Co. retail analyst Oliver Chen.

As the economy picks up and the market notches new highs, aspirational purchases, such as handbags, belts and footwear — particularly those with big,…



Source cnbc.com

Byron Wien worries about Fed-induced correction but sees market rebound

Previous article

GM cuts overtime shifts at two U.S. truck plants due to chip shortage

Next article

You may also like

Leave a Reply

avatar
  Subscribe  
Notify of

More in Retail