While people are pulling back spending in many areas, they are spending freely in others. Target (NYSE: TGT) and Kroger (NYSE: KR) found ways to service this demand in recent months, helping the retailers close out fiscal 2022 on a positive note.
But which stock is more attractive for investors seeking market-busting returns? Let's compare these retailing giants to try to answer that question.
Kroger was in a stronger growth position at the start of 2023. In early March, the supermarket chain announced impressive gains as comparable-store sales rose 6.2% through late January. Kroger is seeing a lift similar to the one affecting Costco Wholesale as people become more focused on essentials in this inflationary environment.
Source Fool.com