JP Morgan retail analyst: We could see the 'best back-to-back' holiday season in more than 5 years [CNBC]
V.F. Corporation (VFC)
Last v.f. corporation earnings: 1/23 06:55 am
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Source: CNBC
show chapters The American consumer, who is enjoying low unemployment and high confidence, has the best backdrop we've seen in decades for the holiday shopping season, J.P. Morgan retail analyst Matthew Boss told CNBC on Thursday. We think this holiday season could be the best back-to-back that the consumer's seen in five-plus years, Boss said on Squawk on the Street . He said retailers can win not only on the top line but also on the margins. Happy holiday shoppers could spend more than $1.1 trillion this year, according to an annual forecast by Deloitte. And it's online shopping that is expected to get the biggest boost. A recent Adobe Analytics report predicted online spending growth is expected to outpace that of storefront spending 14.8 percent to 2.7 percent. In a retail industry that has been adjusting to the divisions between brick-and-mortar and digital business, e-commerce has been driving a lot of intersection, Boss said. I think
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VFC
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- 4/1/24 - Form 4
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