GIII - Consumer discretionary stocks sizzle again as brick-and-mortar recovers

oatawa/iStock via Getty Images Investors continue to warm up to consumer discretionary stocks as U.S. spending trends stay strong and increased confidence labor and supply chain headwinds can be offset. Adding to the positive sentiment, the latest forecast from the National Retail Federation is for 2021 retail sales to grow between 10.5% to 13.5% to more than $4.44T this year as the economy accelerates its pace of recovery. Those numbers exclude the auto dealer, gas station and restaurant categories, Non-store and online sales are expected to grow between 18% and 23% to a range of $1.09T to $1.13T as consumers continue to utilize ecommerce. The numbers exclude automobile dealers, gasoline stations and restaurants. "Incoming data suggests that U.S. economic activity continues to expand rapidly, and we have seen impressive growth. Most indicators point toward an energetic expansion over the upcoming months and through the remainder of the year," says NRF

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Consumer discretionary stocks sizzle again as brick-and-mortar recovers