Why Retail Stocks Are Loving the GOP Tax Plan

Investors have fled retail stocks this year as worries mount regarding the "retail apocalypse". Brick-and-mortar chains have announced more store closings than any previous year on record. However, after a mostly miserable year for the industry, something surprising happened in the past month.

Brick-and-mortar chains have surged on a combination of better-than-expected earnings reports from industry bellwethers like Macy's (NYSE: M), Wal-Mart (NYSE: WMT), and Gap (NYSE: GPS), strong sales over the Black Friday weekend, and hopes for the ultimate passage of the Republican tax plan going through Congress.

Image source: Getty Images.

Source: Fool.com