This post was originally published on this site
The strong vaccination drive and consumer spending helped unit sales volume for apparel stores and brands in the United States rise 21% in the second quarter of 2021. In addition, as President Biden emphasizes reopening schools full-time this fall and takes policy steps he deems necessary regarding this, back-to-school spending is expected to exceed $100 billion this year.
Given this backdrop, we think established retail stocks Target Corporation (TGT), The TJX Companies, Inc. (TJX), Ross Stores, Inc. (ROST), and The Gap, Inc. (GPS) could be solid additions to one’s portfolio.
