Retail stocks worth adding to investors' wish list

As the holiday shopping season gets underway, the prospects look bright for these retailers.

Vikram Barhat 14 November, 2018 | 6:00PM

With the onset of holiday season, North Americans are getting busy finalizing their shopping lists as they await the annual tsunami of seasonal sales which starts with Black Friday and goes on until Boxing Day. Anticipating a big revenue spike, retailers are gearing up for the busiest days of the year with greater zeal than ever before.

Trying to one-up their rivals, top U.S retailers are pulling out all the stops this year, throwing everything from deep discounts to free shipping perks and mobile checkouts to free coffee and cookies, as they scramble for shoppers' dollars both online and in store.

The upcoming Black Friday on November 23 is expected to be the busiest shopping day of the year as it kicks off the shopping season. Driven by robust household income and a perception of a strong economy, the average U.S. consumer is expected to splurge US$1,536 this holiday season, a Deloitte survey shows. In fact, for the first time, holiday retail sales in the U.S. are set to top US$1 trillion this year, according to market research company eMarketer. The sentiment is amply reflected in the nearly 28% yearly gains for the S&P Retail Select Industry Index, far surpassing the 10% returns for the S&P 500 index for the same period, as of Nov. 7.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
Amazon.com Inc3,084.00 USD-0.64
Costco Wholesale Corp328.00 USD1.57
Walmart Inc132.01 USD1.92

About Author

Vikram Barhat

Vikram Barhat  Vikram Barhat is a freelance writer.

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