by Jharonne Martis.
“We see significant gains in American consumer confidence this month, continuing the upward trend seen since the beginning of this year. This could indicate that Americans expect a quick recovery from the pandemic,” Chris Jackson of Ipsos says. “Along with a significant overall improvement, we also see a noteworthy gain in the jobs environment. This could be credited to the influx of job opportunities and businesses reopening, the availability of federal aid and vaccines, and a significant decline in unemployment.”
Jharonne Martis, Director of Consumer Research at Refinitiv, said, “Likewise, the latest U.S. retail sales reading suggests that consumers are feeling better about spending their discretionary income. There was strong demand for the latest fashion trends during the weeks leading up to Easter, and several apparel categories saw items sold‐out. As a result, The Refinitiv StarMine models suggests that American Eagle, Urban Outfitters and Kohl’s are likely to beat their Q1 2021 earnings estimates and post a positive surprise.”
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