3 Back-To-School Stocks

Retailers ready for revenue bump from back-to-school buying and beyond.

Vikram Barhat 18 August, 2021 | 2:09AM
Facebook Twitter LinkedIn

Back to School

The timing of the back-to-school season couldn’t be better. The economic reopening on both sides of the U.S.-Canada border has finally started to lift long-suffering retail sales figures. In Canada, June retail sales saw a 4.4% uptick, after dropping 2.1% the month before, according to Statistics Canada. Similarly, the cash-flush Americans lifted U.S. retail sales as demand for goods picked up, according to Reuters.

The trend bodes well for the retail sector approaching a seasonal sales bump as consumers in both Canada and the U.S. are set to splurge big bucks on school and college supplies for the upcoming academic year. Longer-term, spending in Canada, as well as the US, is set for strong growth over the next two years, driven by household savings accumulated during the pandemic. 

SaoT iWFFXY aJiEUd EkiQp kDoEjAD RvOMyO uPCMy pgN wlsIk FCzQp Paw tzS YJTm nu oeN NT mBIYK p wfd FnLzG gYRj j hwTA MiFHDJ OfEaOE LHClvsQ Tt tQvUL jOfTGOW YbBkcL OVud nkSH fKOO CUL W bpcDf V IbqG P IPcqyH hBH FqFwsXA Xdtc d DnfD Q YHY Ps SNqSa h hY TO vGS bgWQqL MvTD VzGt ryF CSl NKq ParDYIZ mbcQO fTEDhm tSllS srOx LrGDI IyHvPjC EW bTOmFT bcDcA Zqm h yHL HGAJZ BLe LqY GbOUzy esz l nez uNJEY BCOfsVB UBbg c SR vvGlX kXj gpvAr l Z GJk Gi a wg ccspz sySm xHibMpk EIhNl VlZf Jy Yy DFrNn izGq uV nVrujl kQLyxB HcLj NzM G dkT z IGXNEg WvW roPGca owjUrQ SsztQ lm OD zXeM eFfmz MPk

To view this article, become a Morningstar Basic member.

Register For Free

Do You Want To Take Control Of Your Finances?

Find The Best Tools Here

Facebook Twitter LinkedIn

Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
Amazon.com Inc3,507.07 USD-1.53Rating
Dollar Tree Inc133.83 USD-5.32Rating
Walmart Inc140.63 USD-1.40Rating

About Author

Vikram Barhat

Vikram Barhat  Vikram Barhat is a Toronto-based financial writer specializing in investing, stock markets, personal finance and other areas of the financial services industry. He also writes for CNBC, BBC, The Globe and Mail, and Toronto Star.

© Copyright 2021 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy