Lately, a number of investors have shied away from investing in retail-related stocks as the retail sector continues to report a record-high rate of store closures. Several more retail bankruptcies have been reported as brick-and-mortar stores are facing increasing competition from e-commerce.
Moreover, the retail industry is now bracing itself for the risk of an economic downturn as the US economy’s growth has slowed down even though consumer spending has remained strong. According to analysts, the economy will continue to slow down through the start of 2020 as the manufacturing sector continues to be dragged