3 Top Retail Stocks to Watch In November

Store closings in the United States hit a record pace during the first half of the year, and indications are that the rout hasn't slowed since then. Granted, the COVID-19 pandemic took a huge toll on these consumer-facing companies. It would be naive, however, to suggest most of the names in the industry weren't already weakened by the rise of online shopping alternatives.

Digital Commerce 360 estimates American shoppers spent more than $600 billion online last year, up 15% from the prior year's e-commerce tally, and e-commerce accounted for about 16% of the country's total retail sales. Coronavirus-related shutdowns accelerated this shift.

But before you assume the worst for each and every brick-and-mortar store chain, know that some retailers have figured out how to cope with this change. Others have even adapted enough to thrive with it. Kohl's (NYSE: KSS), Bed Bath & Beyond (NASDAQ: BBBY), and Walmart (NYSE: WMT) are among these survivors, and each is worth watching closely this month.

Source Fool.com