Retail is one of the best markets for long-term investment, known for its consistent growth. The industry ranges from grocery to e-commerce, consumer tech, and much more, allowing stockholders to benefit from the tailwinds of dozens of segments. In fact, the global retail market hit a valuation of $27 trillion in 2022 and is projected to rise to $30 trillion this year.

Costco (NASDAQ: COST) has enjoyed immense success, with its shares up 213% since 2019. The company's wholesale business model has won over consumers in more than a dozen countries and has an exciting outlook as it continues to expand.

However, it's hard to consider Costco's stock when Amazon (NASDAQ: AMZN) and (NASDAQ: AAPL) also exist. These companies lead their respective areas of retail and hold the first and third biggest market shares in e-commerce.

Continue reading

Source Fool.com