5 Retail Stocks to Buy as Sales Make Solid Rebound in February
American Eagle Outfitters(AEO) Zacks Investment Research·2024-03-15 13:31
Retail sales rebounded in February after an unexpected decline in January, following a solid holiday season. The Commerce Department said on Mar 14 that retail sales increased 0.6% in February on a month-over-month basis.February's rise came after a 1.1% decline in January. Although retail sales fell short of the consensus estimate of an increase of 0.8%, last month's rebound once again proves that consumers are spending lavishly.Year over year, retail sales grew 1.5% in February as inflation has declined s ...