3 No-Brainer Retail Stocks to Buy Now
For more than two months now, the coronavirus disease 2019 (COVID-19) has wreaked havoc on the U.S. economy and labor market. In total, more than 33 million people have filed for initial unemployment benefits, the official unemployment rate has soared back to Great Depression levels (14.7%), and the longest economic expansion in U.S. history has come to an unceremonious end.
But among the industries impacted by COVID-19, few have felt the adverse effects more so than retail. Although consumers continue to have access to products via direct-to-consumer sales, e-commerce still makes up a relatively small percentage of total revenue for most traditional retailers. That's left many retail stocks in really bad shape.
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Source Fool.com
