Rising inflation levels and elevated interest rates are strongly impacting consumer spending. However, the retail industry is poised for solid growth in the long run, driven by evolving consumer preferences, technological advancements like AI and ML, and the growing popularity of online shopping.
Given this backdrop, it could be wise to avoid investing in fundamentally weak retail stocks Grocery Outlet Holding Corp. (GO), Dollar Tree, Inc. (DLTR), and Dollar General Corporation (DG) in May.
