Retail stocks to buy now are still worth betting on despite the economic headwinds. The last few years have put the retail industry through the wringer, weighing down company valuations. Initially, the pandemic forced widespread shutdowns and drove countless retailers into bankruptcy.
We saw a brief phase of ‘revenge shopping’ thereafter. But it was quickly overshadowed by the most severe inflation spike in four decades. Hence, the retail investing landscape remains fraught with challenges, especially as the Fed continues maintaining interest rates near multi-year highs.
The current financial environment forces consumers to tighten their belts, complicating things for retail businesses. Despite the turbulence, these three standout retail stocks are bucking the trend, offering healthy upside potential. They’ve remained resilient in the face of the current economic tremors.
Furthermore, they continue to deliver strong operating results while rewarding their shareholders handsomely in the process. Walmart (WMT) Walmart (NYSE: WMT ) continues to prove naysayers wrong as it stamps its authority in the retail space. Despite being up against inflationary pressures and other economic headwinds, it continues to grow its top-and-bottom lines at an impressive pace.
In its most recent quarterly showing, sales were up 6% year-over-year ( YOY ) , led by breathtaking growth in its eCommerce wing. Revenue from eCommerce jumped 21% YOY, with the retail titan concluding the quarter with .
