Retail sales experienced a significant increase in the first six months of 2021. Retail should continue to see steady holiday sales with the continued advancements on the vaccination front. Irrespective of near-term positives, the fundamental strength of retail stocks Costco Wholesale Corp (COST), BJ’s Wholesale Club (BJ), and Casey’s General Stores (CASY) makes them solid long-term bets.The retail industry had to undergo several rearrangements to remain operational last year. Brick-and-mortar shops have experienced increased foot traffic, despite the majority of people being vaccinated at least once. U.S. Census Bureau reports a 15.1% rise in retail sales over the previous year in August.

National Retail Federation’s (NRF) increased its retail sales forecast from 10.5% to 13% for 2019. The retail industry’s solid comeback in 2021 is evident as the SPDR S&P Retail ETF’s (XRT) has a year-to-date gain of 40.4% versus the broader SPDR S&P 500 ETF’s (SPY) 14.8% return.

They are solid long term investments because of the strong fundamentals of well-known retail stocks like Costco Wholesale Corporation (NASDAQ), BJ’s Wholesale Club Holdings, Inc., (BJ), Casey’s General Stores, Inc., (NASDAQ).

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