K型經濟論調在零售業站不住腳——市場快評

投資觀察

02/10

摩根士丹利分析師在最新報告中指出，基於Numerator提供的數據，所謂K型經濟的論點可能在零售行業難以成立。數據顯示，低收入消費者仍在持續消費，尤其是一元店渠道——自去年12月中旬以來，各收入階層的消費者在一元店的支出均有所增長。

分析師寫道："雖然部分增長可能得益於商品陳列優化或運營能力提升，但高收入羣體出現消費降級的跡象，也對K型經濟論調構成了挑戰。"實際情況似乎是，消費者越來越注重性價比，沃爾瑪和一元店展現出強勁勢頭，而傳統雜貨商的銷售趨勢則相對疲軟。

（本文結束）道瓊斯通訊社

2026年2月9日 13:39 ET（18:39 GMT）

免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。

熱議股票

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02:41</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>摩根士丹利分析師在最新報告中指出，基於Numerator提供的數據，所謂K型經濟的論點可能在零售行業難以成立。數據顯示，低收入消費者仍在持續消費，尤其是一元店渠道——自去年12月中旬以來，各收入階層的消費者在一元店的支出均有所增長。</p>\n<p>分析師寫道：\"雖然部分增長可能得益於商品陳列優化或運營能力提升，但高收入羣體出現消費降級的跡象，也對K型經濟論調構成了挑戰。\"實際情況似乎是，消費者越來越注重性價比，沃爾瑪和一元店展現出強勁勢頭，而傳統雜貨商的銷售趨勢則相對疲軟。</p>\n<p>（本文結束）道瓊斯通訊社</p>\n<p>2026年2月9日 13:39 ET（18:39 GMT）</p>\n<p>版權所有（c）2026 道瓊斯公司</p>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4550","symbol_name":"紅杉資本持倉","start_time":0,"source_url":"","article_id":"1159960359","we_media_id":"1076224072","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1159960359","pubTimestamp":1770662501,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"投資觀察","introduction":"关注海外资本市场一手动态","home_visible":1,"id":"1076224072","head_image":"https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922"},"summary":"摩根士丹利分析師在最新報告中指出，基於Numerator提供的數據，所謂K型經濟的論點可能在零售行業難以成立。數據顯示，低收入消費者仍在持續消費，尤其是一元店渠道——自去年12月中旬以來，各收入階層的消費者在一元店的支出均有所增長。\n分析師寫道：\"雖然部分增長可能得益於商品陳列優化或運營能力提升，但高收入羣體出現消費降級的跡象，也對K型經濟論調構成了挑戰。\"實際情況似乎是，消費者越來越注重性價比，沃爾瑪和一元店展現出強勁勢頭，而傳統雜貨商的銷售趨勢則相對疲軟。\n（本文結束）道瓊斯通訊社\n2026年2月9日 13:39 ET（18:39 GMT）\n版權所有（c）2026 道瓊斯公司","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"zh","relate_stocks":{"BK4550":"红杉资本持仓","BK4588":"碎股","LU1989772840.SGD":"CPR Invest - Climate Action A2 Acc SGD-H","DLTR":"美元树公司","WMT":"沃尔玛","LU1066051498.USD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM2\" (USD) INC","LU1989772923.USD":"CPR Invest - Climate Action A2 Acc USD-H","DG":"美国达乐公司","LU1066053197.SGD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM3\" (SGDHDG) INC","LU0557290698.USD":"施罗德环球可持续增长基金","LU0265550359.USD":"BGF SYSTEMATIC GLOBAL ENHANCED EQUITY YIELD \"A2\" (USD) ACC","LU2028103732.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"AMG\" (USD) INC","LU0528227936.USD":"富达环球人口趋势基金A-ACC","BK4597":"股息贵族","BK4114":"综合货品商店","BK4155":"大卖场与超市","LU0238689110.USD":"贝莱德环球动力股票基金","LU0310799852.SGD":"FTIF - Templeton Global Equity Income A MDIS SGD","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU0006061336.USD":"Blackrock US Small and MidCap Opportunities A2 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Review","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DG":1,"DLTR":1,"MS":1,"WMT":1},"content_text":"摩根士丹利分析師在最新報告中指出，基於Numerator提供的數據，所謂K型經濟的論點可能在零售行業難以成立。數據顯示，低收入消費者仍在持續消費，尤其是一元店渠道——自去年12月中旬以來，各收入階層的消費者在一元店的支出均有所增長。\n分析師寫道：\"雖然部分增長可能得益於商品陳列優化或運營能力提升，但高收入羣體出現消費降級的跡象，也對K型經濟論調構成了挑戰。\"實際情況似乎是，消費者越來越注重性價比，沃爾瑪和一元店展現出強勁勢頭，而傳統雜貨商的銷售趨勢則相對疲軟。\n（本文結束）道瓊斯通訊社\n2026年2月9日 13:39 ET（18:39 GMT）\n版權所有（c）2026 道瓊斯公司","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}