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Investors remain worried about persistent supply chain issues and rising inflation. However, despite high inflation, retail sales rose faster than expected in October. Membership warehouse clubs are also likely to continue witnessing high foot traffic and increased sales as the holiday season approaches. Also, according to a Technavio report, the warehousing and storage market is expected to increase by $347.19 billion during 2021-2025, growing at a 6% CAGR.
Given this backdrop, we think it could be wise to bet on fundamentally sound warehouse club stocks Costco Wholesale Corporation (NASDAQ:COST), BJ’s Wholesale Club Holdings, Inc. (BJ), and PriceSmart, Inc. (PSMT).
