The stock market has remained highly volatile throughout this year due to geopolitical concerns, multi-decade high inflation, and the Fed's aggressive interest rate hikes to bring it under control. However, the retail industry has efficiently weathered these headwinds thanks to strong consumer demand and strategic partnerships.
Retail companies are poised for a surge in sales as consumers hurry to get their holiday shopping done. According to the National Retail Federation (NRF), a record 196 million Americans shopped in stores and online over the Thanksgiving holiday weekend, a 10% increase from last year.
