Consumers will tighten their purse strings as federal student loan payments resume – and a slew of retail stocks could take a hit, UBS found. Softline stocks – that is, companies that make and sell clothing, bedding and other soft goods – are underperforming the S & P 500 by 16.3 percentage points in 2023, according to the bank.
other categories as they shift funds to paying down student debt," said Sole. The bank polled 1,392 U.S. consumers with student loans. The analyst noted that these consumers prefer brands over private labels and specialty retailers over discounters, meaning companies such as American Eagle Outfitters , Crocs , Canada Goose , Nordstrom and Nike are most likely to be hurt.
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