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.

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Source Fool.com