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While the re-imposition of mask mandates in outdoor spaces might limit retail in-store sales, robust home delivery networks operated by companies since last year should help them maintain their sales levels. Substantial pent-up demand and job growth should drive the retail industry to further growth in the coming months. Indeed, the National Retail Foundation (NRF) expects retail sales to grow between 10.5% – 13.5% to exceed $4.44 trillion in 2021.
Given this backdrop, we believe small-cap retail stocks Guess’, Inc. (GES), Lands’ End, Inc. (LE), Zumiez Inc . (ZUMZ), and Tilly’s, Inc. (TLYS), with exceptional growth potential, should hit fresh highs soon.
