Younger Consumers Can Lift These 3 Retail Stocks, Bank of America Says

Like
Comment
Favorite

Younger Consumers Can Lift These 3 Retail Stocks, Bank of America Says

Blockhead09-19

Key Takeaways Bank of America analysts think value-seeking younger shoppers can support the outlook for off-price apparel retailers. The bank said shares of Burlington Stores, Ross Stores, and TJX ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

No comments yet

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/2468558686?lang=en_US&edition=fundamental","thumbnail":"https://www.investopedia.com/thmb/ARTM5LLpQK9W44ldaD5Xfpe4keA=/7583x5058/filters:no_upscale():max_bytes(150000):strip_icc()/GettyImages-2153332043-2caa93a569ad4911beed32d441312a0b.jpg","is_english":true,"pubTime":"2024-09-19 01:27","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2468558686","market":"sg","top_or_hot":-1,"title":"Younger Consumers Can Lift These 3 Retail Stocks, Bank of America Says","media":"Blockhead","content":"<div>\n<p>Key Takeaways\nBank of America analysts think value-seeking younger shoppers can support the outlook for off-price apparel retailers. The bank said shares of Burlington Stores, Ross Stores, and TJX ...</p>\n\n<a href=\"https://www.investopedia.com/younger-consumers-can-lift-retail-stocks-tjx-ross-burlington-8714590\">Source Link</a>\n\n</div>\n","source":"investopedia_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Younger Consumers Can Lift These 3 Retail Stocks, Bank of America Says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nYounger Consumers Can Lift These 3 Retail Stocks, Bank of America Says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-09-19 01:27 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.investopedia.com/younger-consumers-can-lift-retail-stocks-tjx-ross-burlington-8714590><strong>Blockhead</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Key Takeaways\nBank of America analysts think value-seeking younger shoppers can support the outlook for off-price apparel retailers. The bank said shares of Burlington Stores, Ross Stores, and TJX ...</p>\n\n<a href=\"https://www.investopedia.com/younger-consumers-can-lift-retail-stocks-tjx-ross-burlington-8714590\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2237443622.USD","symbol_name":"Aberdeen Standard SICAV I - Global Dynamic Dividend A Acc USD","start_time":0,"source_url":"https://www.investopedia.com/younger-consumers-can-lift-retail-stocks-tjx-ross-burlington-8714590","article_id":"2468558686","we_media_id":null,"thumbnails":["https://www.investopedia.com/thmb/ARTM5LLpQK9W44ldaD5Xfpe4keA=/7583x5058/filters:no_upscale():max_bytes(150000):strip_icc()/GettyImages-2153332043-2caa93a569ad4911beed32d441312a0b.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2468558686","pubTimestamp":1726680426,"sourceInfo":{"source_id":"investopedia_highlight","name":"Investopedia"},"weMediaInfo":null,"summary":"Bank of America analysts think value-seeking younger shoppers can support the outlook for off-price apparel retailers. The bank said shares of Burlington Stores, Ross Stores, and TJX have a \"long runway.\"Bank of America said the share of spending by millennials and Gen Zers on value apparel has risen in the past year.Demand from younger shoppers should benefit off-price apparel retailers like Burlington Stores , Ross Stores , and TJX , according to Bank of America analysts.Capturing younger consumers early in their earnings years is important, the analysts wrote, and “showing them exciting brands at a great value goes a long way towards maintaining loyalty even as their earnings rise.” These share shifts “indicate a long runway” for the stocks of Burlington Stores, Ross Stores, and TJX, they said.Shares of Burlington Stores, Ross Stores, and TJX are all higher year-to-date, with Burlington rising some 40%.","collect":0,"end_time":0,"defaultTopTitle":"investopedia.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU2237443622.USD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A Acc USD","LU2237443978.SGD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A Acc SGD-H","IE00B19Z9P08.USD":"LEGG MASON CLEARBRIDGE US AGGRESSIVE GROWTH \"A\" (USD) INC","LU2041044095.USD":"Blackrock Circular Economy A2 USD","LU0823417653.USD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"C\" (USD) ACC","IE00B19Z9Z06.USD":"Legg Mason ClearBridge - US Aggressive Growth A Acc USD","LU0823417737.USD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"C\" (USD) INC","TJX":"The TJX Companies Inc.","BK4592":"伊斯兰概念","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","LU2237443465.HKD":"abrdn SICAV I -  GLOBAL DYNAMIC DIVIDEND \"A\" (HKD) INC","LU2506951875.HKD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"CRH\" (HKDHDG) ACC","BK4585":"ETF&股票定投概念","LU2133065610.SGD":"JPMorgan Investment Funds - Global Dividend A (mth) SGD","LU2506952097.USD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"CRH\" (USDHDG) ACC","BK4566":"资本集团","BAC":"美国银行","LU2237443895.HKD":"abrdn SICAV I -  GLOBAL DYNAMIC DIVIDEND \"A\" (HKD) ACC","LU2506951958.HKD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"CRH\" (HKDHDG) INC","IE00BZ9MQY76.HKD":"FTGF CLEARBRIDGE US AGGRESSIVE GROWTH \"A\" (HKD) ACC","LU1878469433.USD":"THREADNEEDLE (LUX) - AMERICAN SMALLER COMPANIES \"A\" (USD) ACC","BURL":"伯灵顿百货","LU2506952170.USD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"CRH\" (USDHDG) INC","IE00B894F039.SGD":"Legg Mason ClearBridge - US Aggressive Growth A Acc SGD-H","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC","BK4588":"碎股","LU2092937221.SGD":"Blackrock Circular Economy A2 SGD-H","LU0094547139.USD":"abrdn SICAV I - GLOBAL SUSTAINABLE EQUITY FUND \"A\" (USD) ACC","LU2237443382.USD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A MIncA USD","ROST":"罗斯百货有限公司","LU1989772840.SGD":"CPR Invest - Climate Action A2 Acc SGD-H","BK4094":"服装零售","LU2237443549.SGD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A MIncA SGD-H","LU1989772923.USD":"CPR Invest - Climate Action A2 Acc USD-H","LU0950375773.USD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"C\" (USD) INC A"},"translate_title":"美国银行表示，年轻消费者可以提振这三只零售股","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TJX":1,"ROST":1,"BAC":1,"BURL":1},"content_text":"Key Takeaways\nBank of America analysts think value-seeking younger shoppers can support the outlook for off-price apparel retailers. The bank said shares of Burlington Stores, Ross Stores, and TJX have a \"long runway.\"Bank of America said the share of spending by millennials and Gen Zers on value apparel has risen in the past year. \n Demand from younger shoppers should benefit off-price apparel retailers like Burlington Stores (BURL), Ross Stores (ROST), and TJX (TJX), according to Bank of America analysts.\n\n\n Spending on value apparel is higher among those in the millennial and Gen Z demographic than in older groups, the analysts wrote in a Wednesday note, which they view “as a positive leading indicator of future sales.” The analysts said the share of spending directed to value apparel by millennials and Gen Zers has risen by 4 percentage points in the past year.\n\n\n Capturing younger consumers early in their earnings years is important, the analysts wrote, and “showing them exciting brands at a great value goes a long way towards maintaining loyalty even as their earnings rise.” These share shifts “indicate a long runway” for the stocks of Burlington Stores, Ross Stores, and TJX, they said.\n\n\n The recent popularity of off-priced brands was driven by persistently high multi-year inflation, and the challenge for companies in the sector now is holding on to those customers as their incomes grow and inflation pressure wane, according to Bank of America. The analysts maintained a \"buy\" rating on all three stocks.\n\n\n Shares of Burlington Stores, Ross Stores, and TJX are all higher year-to-date, with Burlington rising some 40%.\n\n\n \n\n\n\n\n\n \n TradingView\n\nDo you have a news tip for Investopedia reporters? Please email us at\ntips@investopedia.com","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":[],"hasMoreComments":false,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}