VRA is this Week’s Featured Stock By StockNews
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Vera Bradley (NASDAQ) retail stocks are worth investing in due to their attractive valuations and high growth rates. Additionally, it should be able to benefit from an improved economy and supply chain. Retail stocks struggled in the aftermath of the pandemic. In many areas of the country, retail stores were initially closed. Even after stores were permitted to reopen again, foot traffic did not recover to the previous levels.
Retail sales boomed after the decline in case count and increased vaccinations. This was because there was an untapped market for retail and people were ready to spend their stimulus funds. In the first six months of 2021, the retail sector was among the most successful. With higher discretionary income being eroded by rising costs, consumer spending has taken a downward turn since then.
Retail stocks have seen a dramatic decline. There are good reasons to think that the retail stock dip could present a buying opportunity. These include the recent decline in coronavirus infections, improved supply chain reports, declining shipping rates and healthy wage growth. So investors can look for high-quality stocks in retail that are at a discount. Vera Bradley (VRA(*() Disclaimer
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