The specialty retail industry is experiencing expansion, fueled by rising retail sales and enhanced consumer confidence. An extensive assessment indicates that specialty retail stocks, The ODP Corporation (ODP) and Winmark Corporation (WINA), could be wise portfolio additions now. In contrast, I believe GameStop Corp. (GME) could be best avoided now.
The Consumer Price Index (CPI) for June marked the smallest rise in more than two years, recording a 0.2% uptick month-over-month and a 3% increase year-over-year. This was below Dow Jones forecasts of 0.3% and 3.1%, respectively. Moreover, July’s CPI is forecasted to show a 0.2% month-over-month increase and a 3.3% year-over-year rise.
