Despite ongoing headwinds, the retail industry is growing due to increasing internet penetration and policy focus on digitalization. Hence, I think it might be wise to invest in retail stocks Wal-Mart de México, S.A.B. de C.V. (WMMVY), BJ’s Wholesale Club Holdings, Inc. (BJ), and Marui Group Co., Ltd. (MAURY).
A growing middle class, increasing internet penetration, and policy focus on digitalization are expected to make many emerging markets attractive for retail investment. Moreover, online sales is expected to continue to rise, with projected year-on-year growth of over 6%, taking their share of global retail sales to more than 14%, marginally exceeding the 13.9% share in 2022.
