However, the drop in 2018 wasn’t a steep drop-off from 2017 as consumers still use physical stores to purchase items they know are in stock or want to view an item prior to purchasing it online for a better price. If the trend persists, the holiday shopping through Christmas should sustain, but beyond that will be the biggest question–especially with trade wars looming.
U.S. President Donald Trump and China president Xi Jinping are scheduled to meet at the G-20 Summit in Buenos Aires this Friday. Of course, the hope for the capital markets is that both sides settle their differences on trade, which could send the retail sector, and all sectors for that matter, soaring.
“Any positive developments from the Fed or the Chinese (are) going to send these things roaring,” said CNBC’s Jim Cramer on a recent episode of “Mad Money.” “It’s all about assessing the risk-reward, and some of these names, I think, have become a lot more attractive.”
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