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Beauty-and-bargain-retail-could-be-the-biggest-winners-in-2021

Beauty and bargain retail are poised to be the biggest winners in 2021 as consumers return to brick-and-mortar stores and get comfortable socializing again, according to a new survey by one investment firm.

Wells Fargo’s retail team recently polled 1,000 consumers in the United States to get a better sense of their post-pandemic shopping behaviors. When asked which products they are most likely to buy first, post-pandemic, respondents most frequently selected makeup, at 40%. That even surpassed “going-out apparel,” which was chosen by 37%.

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www.cnbc.com

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