(以下内容从开源证券《商贸零售行业投资策略:从保值到颜值,再到情绪价值》研报附件原文摘录)投资建议:从保值到颜值,再到情绪价值2025年社会消费和零售企业经营缓慢复苏,具体分板块看:黄金珠宝受金价高涨影响,高端中式黄金和时尚黄金赛道呈现更高景气,化妆品医美竞争激烈、国货品牌崛起,线下零售企业则持续推进模式变革探索。值得注意的是,“情绪消费”仍是景气度重要密码。展望2026年零售行业投资,消费复苏是...
Source Link(以下内容从开源证券《商贸零售行业投资策略:从保值到颜值,再到情绪价值》研报附件原文摘录)投资建议:从保值到颜值,再到情绪价值2025年社会消费和零售企业经营缓慢复苏,具体分板块看:黄金珠宝受金价高涨影响,高端中式黄金和时尚黄金赛道呈现更高景气,化妆品医美竞争激烈、国货品牌崛起,线下零售企业则持续推进模式变革探索。值得注意的是,“情绪消费”仍是景气度重要密码。展望2026年零售行业投资,消费复苏是...
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