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What the 2020 Retail Comeback Means for Amazon

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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:

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