4 Retail Stocks to Invest in as US Sales Rebound in July
ANFA&F(ANF) ZACKS·2024-08-19 21:56

In a surprising turn of events, U.S. retail sales rebounded in July, indicating robust consumer spending despite ongoing economic challenges. According to the latest report from the Commerce Department, retail sales rose 1% last month to $709.7 billion, better than market expectations. This surge follows a revised 0.2% decline in June.Americans opened their wallets for big-ticket items such as vehicles and electronics. This unexpected jump in consumer activity has provided a much-needed boost to overall eco ...