Supply chain disruptions and high inflation have been troubling major retail stocks. However, discount store operators have remained relatively less affected, with consumers rushing to buy general merchandise at relatively lower prices than traditional ones.
Moreover, an increase in consumer confidence in July and a tight job market should boost the performance of discount retailers. Therefore, major discount retailers BJ’s Wholesale Club Holdings, Inc. (BJ) and Big Lots, Inc. (BIG) should stay afloat.
