The COVID-19 pandemic resulted in difficulties for the retail industry, due to restricted footfalls at physical stores or stores remaining closed. At the same time, websites of retail chains did see brisk business. According to a CNBC report from last month, citing data from National Retail Federation (NRF), the year-over-year growth in retail sales is expected to range between 10.5% and 13.5% while sales are anticipated to vary from $4.44 trillion to $4.56 trillion in 2021. The report also said that NRF expects “the fastest growth that we’ve seen in this country since 1984.
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Bed Bath and Beyond (NASDAQ:BBBY)
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