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eMarketer: Forecasts FY21 US retail ecommerce sales will grow 13.7%, reaching $908.73B vs prior to the pandemic, expected sales would grow 12.8%, reaching $761.26B.Ro_Patel, published April 28, 2021
Ecommerce sales will make up 15.5% of the $5.856T in total retail sales this year vs prior to the pandemic, expected ecommerce sales would make up 13.2% of total retail sales of $5.779T in FY21.
Apparel/accessories will grow 18.9% as the subsiding pandemic unleashes pent-up demand for clothing. The adoption of digital grocery will continue to propel growth for food/beverage (18.1%) and health/personal care/beauty (16.1%).
$AMZN controls the majority of US ecommerce sales for books/music/video (83.2% of all ecommerce sales in 2021) & computer/consumer electronics (50.2%).
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Other Notable StockTweets About W
Nice Print for $W - Amount: $55,506,011.73 - to learn more, JOIN https://tradewithalerts.com/signup to get REAL TIME prints and a lot more. Register for the Premimum Training to learn EVERYTHING you'll ever need to trade like a professional!TradeWithAlerts, published April 22, 2021
$PTON This reminds me when all the Bears raided $W after the whole "Children sold in Closets" craziness and $W has almost doubled since. Bears and Media love to pray on these kinds of storiesLVBennett, published April 18, 2021
$W Smart Institutions in dumping mode from Q1 2021,having been pumped to unusually high PE, rising interest rates, priority preferences of consumers in peak off Pandemic ,laughable capitalization by gambling funds leading the crowds and blind institutions, amid crashing signs of real estate, the stock is bound to retrace to its pre covid levels like bolt from the blueascentaa, published April 10, 2021
Wells Fargo: In the past year, 64% of Wells Fargo survey respondents spent less, 23% spent the same & 13% spent more.
Of the 64% who spent less in FY20, 40% plan to return to 'normal' levels post-pandemic & 27% plan to spend more initially (which bodes well for sales recapture this year).
Some categories can anticipate more of a rebound than others. Masks may have undermined the importance of beauty items, but that & apparel sales are primed to bounce back in the second half of the year.
40% said they'll return to buying makeup & other beauty items and 37% said they'll buy new outfits for going out.
Enthusiasm around athleisure apparel, home goods, & athletic shoes will linger - last year's top 1, 2 & 3 categories respectively. Over 30% said they will be buying in these 3 categories.
"This appears to reflect the potential for permanent behavioral shifts - Athleisure wear & home improvements due to ongoing (and likely permanent) work-from-home dynamics"
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