The retail industry is undergoing a transformational phase as technological advances like Artificial Intelligence (AI), the Internet of Things (IoT), and Radio-Frequency Identification (RFID) are creating growth opportunities for retailers. Also, with easing inflation and the job market’s resilience, consumers are slowly regaining their confidence.
Given the industry’s bright prospects, fundamentally sound retail stocks Walmart Inc. (WMT) and Casey's General Stores, Inc. (CASY) could be solid additions to your portfolio for substantial gains.
