The following video is from Friday's Investor Beat, in which host Chris Hill and analysts Ron Gross and Jason Moser dissect the hardest-hitting investing stories of the day.
Retail sales numbers for June are coming in and, for some companies, the results are looking good. Costco's (NASDAQ:COST) same-store sales were up 6%, slightly higher than expected. And Gap's (NYSE:GPS) same-store sales were up 7%, much higher than analysts were expecting. In our lead story on Investor Beat, Motley Fool analysts Jason Moser and Ron Gross examine the retail industry, consumer spending, the rise of e-commerce, and what it all means for investors.
Chris Hill owns shares of Amazon.com. Jason Moser owns shares of Amazon.com. Ron Gross owns shares of Costco Wholesale. The Motley Fool recommends Amazon.com and Costco Wholesale. The Motley Fool owns shares of Amazon.com and Costco Wholesale. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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