Beauty and bargain retail could be the biggest winners in 2021, Wells Fargo predicts

cnbc2021-03-25

KEY POINTS Beauty and bargain retail are poised to be the biggest winners in 2021 as consumers return to stores and socializing, according to a new survey by Wells Fargo. When asked which products ...

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Winner168
2021-03-26
Winner168
Going back to work, you need to buy beautyproducts
SekharS
2021-03-25
SekharS
?
jimmylaw
2021-03-25
jimmylaw
Omg what happened
四叶草们
2021-03-25
四叶草们
Comment down below and like pls
- Godchok:
  Ok
- Carbon_:
  Okay
- Lachry:
  ok
- Godchok:
  Done
- Pennyboy:
  Ok
xralphed
2021-03-25
xralphed
Wow what is this

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When asked which products they are most likely to buy first, post-pandemic, respondents most frequently selected makeup, at 40%. That even surpassed “going-out apparel,” which was chosen by 37%.\nOne of the biggest beneficiaries of this anticipated rebound to beauty could be Ulta, analyst Ike Boruchow said.\nUlta Beauty shares are up about 70% over the past 12 months. The company has a market cap of $16.96 billion.\nUlta has said it anticipates same-store sales to grow in a range of 15% to 17% this year from 2020 levels. But it has cautioned that its performance will continue to be impacted so long as social-distancing measures remain in place.\nWells Fargo expects the consumption rates of sweat-wicking athleisure and home goods to slow this year. Both of these categories have outperformed over the past 12 months, with stuck-at-home consumers stocking up on athletic garb for their fitness routines and redecorating their bedrooms and backyards with new furniture and accessories.\nIn Wells’ survey, only 31% said they expected to buy athleisure in the near term and 33% said the same about home goods.\nAccording to Boruchow, other winners in 2021 could be the apparel retailers Urban Outfitters,Ralph Lauren and Gap, along with off-price businesses Burlington Stores,Ross Stores and TJ Maxx owner TJX.\nThe off-price sector was on a tear prior to the pandemic. But its focus on bargain hunting in stores has hampered the performance during the health crisis as many Americans stayed home. These companies have less of a presence online, too.\nWhen more shoppers return to stores to refresh their wardrobes, analysts like Boruchow expect that Burlington, Ross and TJX stand to win back market share in apparel.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":358517920,"gmtCreate":1616716194960,"gmtModify":1704797730232,"author":{"id":"3575410552110704","authorId":"3575410552110704","authorIdStr":"3575410552110704","name":"Winner168","avatar":"https://static.tigerbbs.com/a9a80312562b6000414b8ef5ff5b400f","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3575410552110704"},"htmlText":"Going back to work, you need to buy beautyproducts&nbsp;","listText":"Going back to work, you need to buy beautyproducts&nbsp;","text":"Going back to work, you need to buy 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what happened&nbsp;","listText":"Omg what happened&nbsp;","text":"Omg what happened","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/358862069","repostId":1104894320,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":358834966,"gmtCreate":1616679218055,"gmtModify":1704797315809,"author":{"id":"3571323030005470","authorId":"3571323030005470","authorIdStr":"3571323030005470","name":"四叶草们","avatar":"https://static.tigerbbs.com/0334c25504d77d28ac47180d08a58e9e","vip":1,"hat":"https://static.tigerbbs.com/50a4c8d97279fa9f8f1fa9749a6bdff4","crmLevel":2,"crmLevelSwitch":1,"idStr":"3571323030005470"},"htmlText":"Comment down below and like pls","listText":"Comment down below and like pls","text":"Comment down below and like 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