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Six Retail Technology Stocks to Buy, Based on BoA Analysis

Six Retail Technology Stocks to Buy, Based on BoA Analysis
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Six retail technology stocks to buy feature the best investment opportunities that emerged after BoA Global Research recently hosted virtual meetings and fireside chats with the leaders of 18 companies in the sector.
The six retail technology stocks to buy stood out from the pack at a BoA Global Research Consumer & Retail Technology Conference on March 9-11 as companies leaving the pandemic in a stronger position than they entered it with plan to keep growing market share. Rivals that were more challenged in 2020 by macro trends were optimistic about the economic recovery boosting their prospects, according to BoA. ....

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Wayfair, La-Z-Boy and other furniture companies report booming demand. But delays persist.

Wayfair, La-Z-Boy and other furniture companies report booming demand. But delays persist.
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L2L Growth Continued Across Automotive Industry in 2020

L2L Growth Continued Across Automotive Industry in 2020
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Purple Announces Upcoming Conference Participation

Purple Announces Upcoming Conference Participation
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LEHI, Utah, March 5, 2021 /PRNewswire/ Purple Innovation, Inc. (NASDAQ: PRPL) ( Purple ) the leader in comfort innovation and the creator of the renowned Purple® Mattress, today announced that the Company is participating in the BofA Securities 2021 Consumer and Retail Technology Conference on March 9, 2021. Management s fireside chat presentation is scheduled for 1:30 pm Eastern Time.
Purple is also participating in the UBS Global Consumer and Retail Virtual Conference on March 10, 2021. Management s fireside chat presentation is scheduled for 4:00 pm Eastern Time
Live webcasts of both presentations will be available at https://investors.purple.com/. ....

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Purple Innovation Reports Record Fourth Quarter and Full Year 2020 Results

Purple Innovation Reports Record Fourth Quarter and Full Year 2020 Results
Fourth Quarter Net Revenue Increased 40% and Operating Income Increased 171%
Full Year Revenues Increased 51% and Operating Income Increased 339%
Establishes 2021 Revenue Guidance Range of $840 to $880 Million
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LEHI, Utah, March 4, 2021 /PRNewswire/
Purple Innovation, Inc. (NASDAQ: PRPL) ( Purple ), a comfort innovation company known for creating the World s First No Pressure ™ Mattress, today announced results for the fourth quarter and year ended December 31, 2020.
Fourth Quarter Financial Summary (Comparisons versus Fourth Quarter 2019)
1
Direct-to-Consumer (DTC) revenue increased 57%; Wholesale revenue increased 9%
Gross margin was 47.2% compared to 47.7%.
Operating expenses as a percent of net revenue were 42.9% as compared to 45.4%. ....

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