Amazon and others likely to gain from strong back-to-school spending, BofA says
Amazon and others likely to gain from strong back-to-school spending, BofA says
-
The back-to-school shopping season has kicked off firmly, cooling some concerns about U.S. consumer stability, according to $Bank of America(BAC.US)$, Bloomberg reports.
Spending on school items, including college, will likely hit a record high of $111 billion in 2022, a 1% increase over last year, estimates National Retail Federation.
The institute acknowledged the two years of already-strong back-to-school spending thanks to federal stimulus and the purchase of electronic devices to adopt remote learning.
BofA acknowledged the trend of consumers stocking up earlier this year as price-conscious shoppers look to lock in the best deals. While the shift would be conducive for July month, it will impact the month of August.
The findings reflect resilient U.S. consumers despite surging inflation and recession concerns. Shoppers will likely spend a record amount this school year due to the higher prices and economic conditions, as per a Deloitte survey.
Competition has also heated with $Amazon(AMZN.US)$ midsummer Prime Day sale.
Tigress Financial expressed bullishness in Amazon, citing ongoing momentum in Prime Membership, increasing traction with third-party sellers, strength in AWS, and growth and share price gains.
BofA acknowledged that consumers also shopped earlier during the past winter's holiday season for better deals and to avoid delays due to supply-chain issues. Similar to 2021, e-commerce is also likely to play a vital role, BofA added.
Price Action: AMZN shares closed higher by 2.07% at $143.55 on Friday.
-
返校购物季已经稳步拉开帷幕,一些对美国消费者稳定性的担忧降温,根据$美国银行(BAC.US)$彭博社报道。
全美零售联合会估计,2022年,包括大学在内的学校用品支出可能会达到创纪录的1110亿美元,比去年增长1%。
该研究所承认,由于联邦刺激计划和购买电子设备采用远程学习,两年来返校支出已经很强劲。
美国银行承认,今年早些时候,随着注重价格的购物者希望锁定最划算的交易,消费者纷纷囤积库存。虽然这种转变将有利于7月份,但它将影响8月份。
调查结果反映出,尽管对通胀和经济衰退的担忧激增,但美国消费者仍具有弹性。根据德勤的一项调查,由于更高的价格和经济状况,本学年购物者可能会花费创纪录的金额。
竞争也越来越激烈,$亚马逊(AMZN.US)$仲夏黄金日大减价。
虎妞金融表示看好亚马逊,理由是Prime会员的持续势头、对第三方卖家的吸引力不断增加、AWS的实力以及增长和股价上涨。
美国银行承认,消费者也在去年冬季假期期间提早购物,以获得更优惠的价格,并避免因供应链问题而延误。美银补充称,与2021年类似,电子商务也可能发挥关键作用。
价格行动:AMZN股价周五收高2.07%,报143.55美元。