Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

This Department Store Stock Could Soar in 2021

TheMotleyFool

0 0

This Department Store Stock Could Soar in 2021

The COVID-19 pandemic has had a devastating impact on many businesses. Department stores have been among the biggest losers due to their focus on selling apparel and continued reliance on in-store sales, often in malls.

One U.S. department store chain has actually improved its earnings year over year for two consecutive quarters, however: Dillard's (NYSE: DDS). Nevertheless, Dillard's stock ended November down 36% year to date. As the retail industry recovers in 2021, this department store stock could surge to a multiyear high.