📈 Is Retail Dead ?
The consumer discretionary space continues to be under pressure. The sector closed at a 6 months low recently but retail sales were up 7.6% from last year this holiday season. The major difference is online sales are slowing year over year and in store shopping was up 17% from a year ago.
AMZN the leading online store is back to 2020 Pandemic levels
WMT during the same period of time is up 36% since the pandemic
Retail sales Year over year are up 5.4% right in line with Pre-pandemic 2019 Holiday sales.
If we look at online retail stocks in comparison to Brick and mortar since the pandemic we can see that the sector(black) was split between two specific kinds of retailers. Online SHOP (blue) AMZN (orange) have actually under performed since the pandemic while WMT(purple) and TGT (yellow) outperformed.
The Retail sector in general may be dropping due to the personal saving rate making multiyear lows as inflation is rampant but it is clear that brick and mortar are outperforming
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