These 2 Stocks Aren't Scared of a Retail Apocalypse
E-commerce revenue has risen over the years and now accounts for roughly one-fifth of all retail sales (excluding restaurants, cars, and gas) in this country. And according to a new report from UBS, approximately 80,000 stores are expected to close in the U.S. over the next five years. In short, the retail industry is going through a major upheaval with lasting consequences.
The poster child of this secular trend is Amazon, whose business has boomed by providing customers with low prices, more convenience, and greater choices, serving a multitude of product categories.
Traditional retailers are all too familiar with this information, but there are some companies that are doing just fine. In fact, they're actually thriving in this digital environment.
Source Fool.com
