shopping

5 ETFs to Ride the Upcoming Holiday Season Shopping Wave

The coronavirus outbreak continues to be a major concern across the earth with the situation aggravating in the United States, Europe and in India. Unfortunately, the health crisis already claimed more than a million lives globally.

Moving on, even as the U.S. economy is reopening in phases and social-distancing restrictions are being eased, people are trying to minimize human-to-human contact. It’s largely because the pandemic resulted in some changes in the lifestyle and preferences of Americans.

Meanwhile, the holiday season is around the corner, which generally marks the late October-December period. This time of the year is one of the most important phases for a large number of companies from the business point of view. The quarter also witnesses some popular retail events like Halloween, Thanksgiving, Cyber Monday, Black Friday and Christmas, which increase its significance to the retailers.

According to Deloitte’s report on holiday spending forecasts, retail sales may

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shopping

Buy E-Commerce ETFs to Tap “Safe & Early” Holiday Shopping

After almost round-the-year coronavirus fear, Holiday Season is peeking into the calendars. It is time for consumers to stack up their shopping carts. Over the last few years, online sales have gained precedence. The coronavirus outbreak has raised the appeal of the space even more as it has less to do with human contact. So, one can imagine the likelihood of exponential gains in eCommerce stocks and ETFs this year.

Big Four accounting firm Deloitte expects a rise in holiday retail sales between 1% to 1.5%. On the other hand, market research firm Forrester sees retail sales declining 2.5% for the full year, as quoted on Forbes. The Forbes article highlighted that Forrester sees online retail jumping 18.5% this year and attaining 20.2% overall penetration in North America.

Deloitte predicts e-commerce holiday retail sales to grow between 25% and 35% from November through January, reaching $182 billion to $196 billion

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