As the retail landscape evolves amidst changing consumer behaviors and economic shifts, investors seek guidance on navigating this dynamic sector.
The JPMorgan Retail Round-Up Conference 2024 shed light on key themes shaping the retail landscape this year, including:
Stable U.S. consumer backdrop
Resurgence in denim and activewear categories
Renewed focus on consumer value.
Amidst these trends, Christopher Horvers, head of U.S. Broadlines and Hardlines Retail at JPMorgan, presented compelling stock picks poised for growth in the retail sector.
1. Wayfair: Offers Upside From Sales, Margins
Horvers expressed optimism about Wayfair Inc (NYSE:W), the leading online specialty retailer. He attributed its potential for growth to the improving demand for home goods.
With sales expected to rise alongside the resurgence in home-related purchases, Wayfair stood to benefit from its dominance in the online home furnishings category.
Horvers noted the company’s focus on cost optimization post-Covid-19 pandemic. “We see upside not only from sales but also from margins,” said Hoervers.
2. Lowe’s: Outdoor Patio Demand To See Acute Uplift
Horvers ...Full story available on Benzinga.com
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