Big Box Retail Stocks Are Having a Moment
Joe Hill|July 13, 2024
Big box retailers are having a moment.
Inflation may be cooling, but that doesn’t change the fact that consumer prices are still up significantly from where they were a year ago.
Everyday staples like coffee, beef, and eggs (it always comes back to eggs…) are more expensive than they were a year ago.
Consumers have responded not by buying less, but by sniffing out the best deals.
As a result, bulk stores like BJ’s Wholesale Club (BJ), Costco (COST) and Sam’s Club – a division of Walmart (WMT) – have been making money hand over fist.
Even the once downtrodden Ollie’s Bargain Outlet (OLLI) has been doing gangbusters lately.
So far in 2024, each of these stocks has shot up between 31% and 34%.
Investors have spotted the narrative (it’s plain as day).
But what happens in the first half of the year doesn’t guarantee success later on. That’s why Shah recently dedicated a Buy This, Not That segment to several big box retailers. (You can check that out here.)
It’s also why Alpesh took a deep dive into BJ’s Wholesale for this week’s edition of Dealmaker’s Diary.
If you missed it, click here or on the thumbnail below to watch.
