FND - What Retail Apocalypse? These 3 Chains Are Opening New Stores in 2020
My hometown is still haunted by the ghost of Kmart past. The big empty building with its plywood-covered doors is an ongoing testament to how Amazon.com and the rise of e-commerce changed retail forever.
The shift happened long ago, but the shakeout continues as consumer discretionary stocks like Dillard's and Macy's struggle with their bloated store count while sales decline. Conventional wisdom says a large brick-and-mortar footprint is a liability.
But there are still companies defiantly opening up physical locations in the age of e-commerce. Indeed, Five Below (NASDAQ: FIVE), Floor & Decor (NYSE: FND), and Duluth Holdings (NASDAQ: DLTH) each currently have double-digit unit growth, with significant long-term goals in place.