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Stock impact report

Younger Consumers Can Lift These 3 Retail Stocks, Bank of America Says [Yahoo! Finance]

Burlington Stores, Inc. (BURL) 
Last burlington stores, inc. earnings: 3/5 06:45 am Check Earnings Report
US:NYSE Investor Relations: burlingtoninvestors.com
Company Research Source: Yahoo! Finance
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 ( BURL ), Ross Stores ( ROST ), and TJX ( TJX ), according to Bank of America analysts. 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. 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 “indica Show less Read more
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