These 4 retail stocks are prime beneficiaries from pantry loading by consumers worried about coronavirus, Stifel says | Markets Insider

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These 4 retail stocks are prime beneficiaries from pantry loading by consumers worried about coronavirus, Stifel says

Here's Stifel take on the implications of the coronavirus pandemic on these four retailers.Amid the coronavirus pandemic, e-commerce growth continues to accelerate as more consumers stay at home and shop online in order to limit trips to a physical store.

Twenty-seven percent of consumers reported spending $50 more than their average trip at Amazon. Consumer spending intentions were second highest at Amazon, which suggests price and convenience are key factors driving purchase intent currently, according to Stifel. "Intentions for Costco have fared the best out of surveyed brick-and-mortar retailers as the club store over indexes to grocery and as consumers 'stocking up' is consistent with its bulk offering format," Stifel said.

A change in eating habits is also benefiting Costco."66% of consumers responded eating/cooking at home more often ... We think this benefits companies such as Costco, which derives ~60% of its sales from grocery ..."

 

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