3 Brick-and-Mortar Retail Stocks You Can Buy and Hold for the Next Decade
We've been reading about it for years, but the e-commerce revolution is truly heating up in 2020. Nonstore retail is a category that includes online shopping, and it's growing like crazy. According to the U.S. Census Bureau, total retail and food-service sales from April through June were down 8% year over year. However, nonstore retail sales were up 25%, 28%, and 24% in April, May, and June, respectively.
E-commerce stocks like Etsy, Amazon, and Wayfair have been huge winners this year as a result. And conventional wisdom says to eschew any retail business that's not an e-commerce play. But being a contrarian is a great investing trait in certain situations. For example, Floor & Decor Holdings (NYSE: FND), Tractor Supply (NASDAQ: TSCO), and Dollar General (NYSE: DG) are three great brick-and-mortar-centric retail chains you can comfortably hold for the next decade.
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Source Fool.com
