The retail sector is expected to grow substantially due to solid consumer spending, sustained demand, rising wages, lower layoffs, increasing disposable incomes, growth of e-commerce, and ever-changing consumer preferences.
Given this backdrop, investors could consider buying quality retail stocks such as Colruyt Group N.V. (CUYTY), PriceSmart, Inc. (PSMT), and Marks and Spencer Group plc (MAKSY). Before diving deeper into the fundamentals of these stocks, let’s discuss what’s shaping the retail industry’s prospects.
