A fight for consumers’ dollars between travel and retail is headed for boiling point in 2023.
They said these stocks are best placed amid a more challenging discretionary spending environment given a heavy skew towards a younger, Gen-Z consumer.
Accent has a strong store roll-out opportunity with a growing exposure to a younger consumer base. It also has a large loyalty base, approaching 10 million contactable loyalty customers across all banners. Accent’s vertical integration also provides margin upside and its distribution business provides greater exposure to higher growth brands, the analysts said.
“I’m not worried about underlying demand. Our job is to make sure we have enough supply in the marketplace to fulfil that demand and ensure there are plenty of options available for people who want to fly,” she said.
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