The staggering rise of Amazon as an ecommerce giant has left some retail companies scrambling to compete. While there is often talk of brick and mortar stores suffering due to online retail eroding their sales, there are still winners on the stock market. If you thought that retail was dead, then a quick look at the stock prices may change your perception.
Some of the highest performing stocks in the market today are retail based, and the following are the ones to watch if you’re looking for growers to add to your portfolio.
Three of the Top Retail Stocks So Far in August
- Lululemon Athletica Inc. (NASDAQ: LULU) – As an apparel designer, distributor, and retailer, Lululemon controls every aspect of their business, right down to the end consumer. Growth this year has been hugely impressive, especially considering how volatile the market has been. Stock in the company has grown 73.90% year to date, with 32.84% growth over the last three months.
- Best Buy Co. Inc. (NYSE: BBY) – With a huge sales distribution network, physical retail stores, a growing Ecommerce model, and international investments, Best Buy is riding a wave of both stock market success and strong financial performance. The company increased revenue 6.97% year on year at the end of its 2018 fiscal year, and gross income was up a healthy 6.43%. Recently, the company diversified into health technology, which has investors excited about the future. Year to date, stock has grown 15.93%, while three month performance has been 5.18%.
- Michael Kors Holdings Ltd. (NYSE: KORS) – A luxury fashion and apparel brand, Michael Kors reported 5% revenue growth at the end of the last fiscal year, along with an 8.75% increase in gross income. The company has been able to run efficiently to grow their profit at a rate that exceeds revenue. This is great news for investors. Stock price has increased 19.06% year to date, with 13.29% growth in the last three months. The 12 month figures have been the most impressive, with 79.31% growth in stock value since August last year.
Retail is far from dead, although there are still companies that need to adapt. J.C. Penney and Sears are both examples where investor confidence is at a low. The good news is that most retail stocks are doing just fine, and some strategic investment could benefit your portfolio this month.
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