First-quarter earnings results from retailers this season have shown softer discretionary spending to be the primary headwind facing companies across numerous retail categories.
If consumer spending declines too precipitously, it could help tip the U.S. economy into recession.
The wholesale retailer's monthly comparable-sales reports have shown Costco shoppers scaling back on discretionary items and prioritizing consumer staples.
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Shoppers wait in a check-out line at a Costco wholesale store in Orlando, Florida.
Persons:
Mary Dillon's, Jim Cramer, Jim, we're, HomeGoods —, TJX, Jim Cramer's, Paul Hennessy
Organizations:
TJX Companies, Costco Wholesale, Lowe's Companies, Target, Walmart, Club, Fed, Ross, Costco, BJ's Wholesale Club Holdings, CNBC, Shoppers, Getty
Locations:
U.S, Orlando , Florida