3 Back-To-School Stocks

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

Vikram Barhat 18 August, 2021 | 2:09AM
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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. 

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
Amazon.com Inc3,463.26 USD-0.36Rating
Dollar Tree Inc89.20 USD0.86Rating
Walmart Inc144.27 USD-0.19Rating

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.

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