shopping

3 Funds to Tap the Holiday Season Shopping Rush

The coronavirus pandemic has made changes in the lifestyle and preferences of people. The U.S. economy is reopening in phases and social-distancing restrictions are being eased gradually. People are trying to do their daily work but with minimum human-to-human contact.

On the other hand, the holiday season is around the corner, and with events like Halloween, Thanksgiving, Cyber Monday, Black Friday and Christmas lined up during the late October-December period, retailers hold high hope to make business and recover from the coronavirus slump.

Per Deloitte’s annual holiday retail forecast, holiday retail sales are expected to increase between 1% and 1.5%, leading to sales between $1,147 billion and $1,152 billion during the November-January timeframe. The pandemic-led new normal trend has already boosted e-commerce this year, as matters of safety remains a prime concern, and will continue to boom as shoppers choose this medium for holiday shopping.

Deloitte forecasts that e-commerce sales

Read More Read more
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

Read More Read more