Retail sales declined slightly last December, owing to historically high inflation rates and declining consumer confidence. However, despite supply chain disruptions, improving consumer demand and declining COVID-19 cases suggest the retail industry will witness solid growth going forward.
Fundamentally sound retail stocks with impressive financials are gaining traction. Investors’ interest in this space is evidenced by the VanEck Vectors Retail ETF (RTH) 4.3% returns over the past six months.
