FSCPX Or FSRPX: Which Retail Fund Should You Buy?
Zacks Investment Research | Jan 12, 2020 09:59PM ET
Stocks had a turbulent ride throughout 2019, although the broader S&P 500 ended the year gaining as much as 28.9%, the highest one-year gain since 2013. The retail sector, however, had a decent run. This was a result of healthy economic growth in the first three quarters of 2019.
Decent corporate earnings and three interest rate cuts in July, September and October, helped boost consumers’ purchasing power. Impressive holiday sales last season also added to the retail sector’s growth.
Retail’s Momentum to Continue in 2020
Major players in the sector gained from their brand offerings, initiatives in inventory-management and optimization of supply chain. Brick-and-mortar companies expanded digitally as well, thereby grabbing a chunk of online shoppers. Retailers also extended their loyalty programs and pushed their shipping and delivery capabilities last year.
In fact, the rise in online sales since early November was a vital reason for the striking holiday sales in 2019, according to a Original post
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