Here’s Why Retail Is Making A Comeback

The retail sector may be bouncing back. In the face of challenges, companies like Walmart, Target, Nordstrom and Best Buy have expanded their services. And it appears to be paying off: Walmart reported its best quarterly sales gain in a decade, while Target saw the biggest jump in 13 years, according to Bloomberg. “The American retail sector is enjoying a renaissance,” Neil Saunders, managing director at GlobalData Retail, said in a note. “Sentiment is upbeat and spending fairly carefree.”Though retailers like Toys “R” us and Sears have struggled, the overall macro environment is strong. Consumer confidence is at a 17-year high while unemployment is near record lows — encouraging shoppers to spend, the report said. Read more at The Real Deal.