Loose-fit jeans = the new sweatpants... Retailers like Gap and Nordstrom boosted online sales last year, even though total sales slumped. As we leave behind pandemic PJs and return to stores for "going out" fits, clothing retailers have a shopportunity to boost sales online and IRL. We’ll see how that's panning out when Gap, Nordstrom, Abercrombie, and Urban Outfitters report earnings this week.
Dollar stores are on a roll... but it's not toilet paper. Last year, Dollar Tree and Dollar General thrived as we stockpiled TP, detergent, and $2 Cool Whip. But sales slumped last quarter, failing to keep pace with last year’s panic purchasing. Still, the dollar dynasties are doing better than they were pre-pandemic. We’ll see if they can keep the good times rolling — even without TP — when they report earnings on Thursday.