Davidowitz: Black Friday Isn't What It Used to Be

The video discusses the evolving nature of Black Friday, noting its reduced significance due to the spread of holiday shopping and the rise of online sales. It highlights the positive impact of the election and market highs on retail, particularly for the top spenders. The discussion also covers changes in consumer sentiment and shopping habits, emphasizing a shift towards experiences over goods and the influence of low interest and energy prices on consumer spending.

What role does consumer sentiment play in retail spending according to the text?

What structural changes in consumer spending are highlighted in the text?