What the 2020 Retail Comeback Means for Amazon
How's retail looking nowadays?
Well, on Wall Street, big box stores--think Walmart (WMT) - Get Walmart Inc. Report, Target (TGT) - Get Target Corporation Report, and Costco (COST) - Get Costco Wholesale Corporation Report--have done well in 2020.
Costco is up over 25% in the past year, Walmart is up 22%, and Target is up 35% in the past year.
Now, it is important to point out that retail as a whole has not benefitted from the lockdowns and stay-at-home orders that millions across the world have endured since the COVID-19 pandemic began back in the spring.
For example, Tapestry (TPR) - Get Tapestry, Inc. Report is only up about 12% this year. And then there are the Main Street retailers--the mom & pop stores and boutiques that have had to adapt, or unfortunately, close due to the pandemic.
Bob Lang, Real Money contributor, discussed how Amazon didn't kill off retail as many feared it would.
Lang joined TheStreet's special panel discussion: Stock Market 2020: A Sector by Sector Investing Year in Review.
Editor's Note: This video has been updated. It was first published on December 10, 2020
Watch the full panel:
Watch TheStreet’s Most Popular Videos From 2020:
- Coronavirus: The Latest Numbers on the COVID-19 Pandemic
- Tesla Stock: Jim Cramer Explains What Wall Street Still Can't Understand
- Jim Cramer Talks Stimulus Checks, Markets, and His Top Stock Picks
- How Markets Navigated 2020 'Storm:' Winners and Losers
- 5 Coolest Auto Reveals of 2020
- How to Know When a Stock Bottoms Out on Bad News
- Airbnb Lifts IPO Pricing to $60, Looking to Raise $3 Billion
- Jim Cramer Eyeing Similarities to Dot-Com Bubble but Still Buying Opportunities
- Look Out for These Changes to Social Security and Medicare in 2020
- Jim Cramer on Stock Valuations, Danger of Market Orders on IPOs
