3 Retail Apocalypse-Proof Stocks Poised For A Bull Run
The retail industry is facing a host of challenges. Even before the pandemic and subsequent recession struck, it was confronting a changing landscape. This includes online competition from the likes of Amazon (NASDAQ: AMZN), which offers low prices and speedy delivery on just about any item a consumer wants.
However, you don't have to give up on the entire sector. Certain retailers are in a good position to continue executing their plans and posting strong results. Here are three retail apocalypse-proof stocks that are due for a bull run.
Costco (NASDAQ: COST) charges members an annual fee to shop at its warehouses. For that fee, they get access to high-quality goods, often sold in bulk, at a low unit price. The membership is loyal, with 91% of U.S. and Canadian cardholders renewing their memberships in each of the last couple of years. Meanwhile, Costco keeps adding paid members, taking its 47.6 million total in 2015 to 58.1 million last year (as of Aug. 30, 2020). Clearly, people find Costco a compelling place to shop.
Source Fool.com
