Student-loan repayments will soon restart after a years-long pause.
Consumers are expected to cut their shopping budgets, especially on apparel, as debt repayments loom.
Brands at risk of a spending slowdown include Nike, Gap, and Shopify.
The retailers most at risk include Crocs, Nike, Nordstrom, Canada Goose, and Victoria's Secret, the analysts found.
"We believe this indicates student loan consumers will reduce spending on apparel in a big way when they have to start paying off their student loan debt."
Persons:
—, Jay Sole, Joe Biden, Kevin McCarthy, Donald Trump, Biden
Organizations:
Brands, Nike, Service, UBS, Nordstrom, Eagle Outfitters, Carter's, Consumers, Biden, US
Locations:
Canada