Retail Stocks Rebound But ‘Feast Or Famine Environment’ May Persist Amid Shift In Consumer Spending, Experts Warn
- Date: 26-May-2022
- Source: Forbes
- Sector:Financial Markets
- Country:Middle East
Retail Stocks Rebound But ‘Feast Or Famine Environment’ May Persist Amid Shift In Consumer Spending, Experts Warn
The retail sector has been hard-hit by a selloff in recent weeks amid warnings from major companies that surging inflation has impacted profits, and despite a rebound on Wednesday, experts predict further challenges ahead as consumer spending becomes increasingly hard to predict.
The retail sector has seen a big sell-off in recent weeks as several major companies reported ... [+] profits took a hit from inflationary pressures.