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With the possibility that consumer sentiment could turn sour, off-price discount department store Ross Stores (ROST) makes plenty of sense. Sure, it’s technically levered to the wider discretionary retail space. However, the term discretionary is a bit deceptive with Ross. After all, you can’t just walk into a business interview naked and that’s the cynical reality undergirding ROST stock.
Yes, the COVID-19 pandemic revolutionized social norms, with perhaps the most conspicuous change stemming from the shift to remote operations. However, based on the latest developments, it’s unlikely that this change will permanently stick. For example, Amazon (AMZN) mandated that its employees come into the office three days a week. Most recently, it stated that it will fire those who refuse.
