As Black Friday approaches, retail stocks are on the move with earnings reports released Tuesday for major retailers including Dick's Sporting Goods (DKS), Abercrombie & Fitch (ANF), and Best Buy (BBY).

Strategic Resource Group Founder Burt Flickinger joins Asking for a Trend Host Josh Lipton to break down the retail winners and losers, consumer behavior, and broader industry trends.

Flickinger underscores that in a challenging retail environment, where consumers are increasingly budget-conscious, the winners are going to be “necessary” retailers in the food sector, like Kroger (KR) and Costco (COST).

Tune in to the video above for more insights into the shopping trends shaping the year ahead.

To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here.

This post was written by Cindy Mizaku.