Goldman Sachs is giving a big thumbs-up on the prospects of big-box retailers for the coming year.
The investment bank says the likes of Costco, Home Depot, Target and Walmart, among others, have positioned themselves to thrive, thanks to investment in their stores and omni-channel operations, and to the market growth they have achieved, among other things, according to CNBC.
Others on Goldman’s “buy” list are BJ’s Wholesale Club, Lowe's, National Vision, O’Reilly Auto Parts, Tractor Supply Company and Williams-Sonoma, CNBC reports.
“We are at an inﬂection point for several companies where we are starting to see a resumption of operating-income dollar growth, demonstrating not only the strong top-line execution, but also a point of leveraging years of investment to become true omni-channel retailers,” said Kate McShane, a Goldman managing director, in a note to clients.
By Edmund Mander