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Furthermore, as the technology continues to improve and companies employ artificial intelligence (AI) enabled technologies on their platforms or increase the use of AR/VR to attract more consumers, the industry is expected to thrive in the coming quarters. Investors interest in this space is in-part evident in the Amplify Online Retail ETF’s (IBUY) 145.9% returns over the past year, compared to SPDR S&P 500 ETF Trust’s (SPY) 47.6% gains over this period.
Given this favorable backdrop, we think it is wise to buy the shares of established retail companies Walmart Inc. (WMT), Target Corporation (NYSE:TGT), and Best Buy Co., Inc. (NYSE:BBY), which have strong e-commerce platform.
