This year, several US retail stocks have recorded good increases. $Macy's (M.US)$With a cumulative increase of 210% within the year, $Home Depot (HD.US)$and a 56% increase in cumulative.
This Thursday, the United States will welcome the annual Thanksgiving holiday, and this week's trading hours will be shortened due to the arrival of the holiday (US stock market will be closed on Thursday, and the closing time on Friday will be three hours earlier).
As Thanksgiving and Christmas are approaching, the consumption potential of the holiday shopping season has already been unleashed in advance.
Last Tuesday, the United States reported "scary data" with a 1.7% monthly retail sales rate in October, reaching a new high since March this year, marking the third consecutive month of growth.
Due to the ongoing pandemic, American consumers are eagerly starting holiday shopping early to avoid empty shelves in some goods, providing an early boost to the economy at the beginning of the fourth quarter. Many retail analysts expect a significant increase in this year-end shopping season compared to last year, as suppressed consumer demand and elevated levels of household savings from the early 2021 government stimulus measures.
According to Mastercard SpendingPulse's forecast, retail sales in the United States are expected to increase by 10% just in the week of Thanksgiving compared to last year, and by 12.2% compared to the same period in 2019.
Walmart Chief Financial Officer Brett Biggs said in last week's company earnings conference call: We're off to a good start this holiday season and expect...