3 Top Retail Stocks Set to Beat the Holiday Supply Chain Crunch
Analysts predict an increase in holiday sales, and that's great news for retailers. Sales could climb 7% to 9% year over year, Deloitte forecasts. But one thing could dash some of the joy: supply chain problems. The pandemic temporarily closed factories in countries such as Vietnam and Indonesia. And that's resulted in delays in delivering products to North America.
If retailers have trouble stocking their shelves and meeting demand, the post-holiday earnings season may not be so bright. On average, the holidays represent nearly 20% of annual retail sales, according to the National Retail Federation. But don't cross all retailers off your stocks shopping list. Three in particular are ready for the supply chain challenge -- and are likely to come out on top.
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