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As food retailers leverage both online and physical stores to drive sales, they are well-positioned to keep growing. Rising disposable income and affordability and increasing urbanization worldwide should contribute to the industry’s continued growth. Indeed, the global food and grocery retail market is expected to hit $17.3 trillion by 2027, growing at a 5% CAGR.
So, amid the current market volatility, we believe retail food store stocks Albertsons Company Inc. (ACI) and Weis Markets Inc. (WMK), which pay dividends, are attractive buys.
