LOW - Discretionary Retail Slowdown Fears As Debt-Saddled Graduates Resume Loan Repayments | Benzinga
U.S. home goods retailers could bear the brunt of a retail slowdown as hundreds of thousands of cash-strapped young people put off setting up new homes, pressured by the resumption of expensive student loan repayments.
Analysts at KeyBanc Capital Markets suggest discretionary spending could slow, hitting companies such as Home Depot Inc (NYSE:HD), Lowe’s Companies Inc (NYSE:LOW) and Wayfair Inc (NYSE: W, among others.
“The resumption of student loan payments remains a material headwind for consumers, which we have warned about extensively since June,” said lead analyst Bradley Thomas
COVID-19 Pandemic Relief Program Ends
Student ...