Retailers Are Putting 2020 Behind Them, But Some Still Show Weakness

Across much of the retail world, relief from last year’s declines and financial uncertainty is here. The speed of the recovery has been quicker than many expected going into the year. In even the hardest hit sectors, including apparel and department stores, many players have closed much of the gap between today and their pre-pandemic performance, if not surpassed it. The reasons for that are not complicated. The large majority of adults in the U.S. are at least partially vaccinated against COVID-19, meaning they are ready to return to stores and refresh their wardrobes. And many have extra cash to spend, thanks to stimulus and money saved from avoiding experiential activities like restaurants and vacations. Read more at Retail Dive.