E-Commerce to Boost Holiday Retail Sales: 4 Stocks With Room to Grow
A&F(ANF) ZACKS·2024-09-27 03:01
The retail sector is making a steady rebound after sales slowed last year owing to inflationary pressure and higher borrowing costs. However, inflation has cooled sharply over the past few months, allowing consumers to continue spending.E-commerce, which has largely been driving overall retail sales over the past few years, has been steadily rising lately, indicating that the economy is still on solid ground. The Federal Reserve recently announced its first rate cut in over four years. The rate cut ahead of ...