Retail is one of the best markets for long-term investment, known for its consistent growth. The industry ranges from grocery to e-commerce, consumer tech, and much more, allowing stockholders to benefit from the tailwinds of dozens of sugments. In fact, the global retail market hit a valuation of $27 trillion in 2022 and is projected to rise to $30 trillion this year.

Costco (NASDAQ: COST) has enjoyed immense success in the industry, with its shares up 248% since 2019. The company's wholesale business model has won over consumers in more than a dozen countries and has an exciting outlook as it continues to expand.

However, it's hard to consider Costco's stock when Amazon (NASDAQ: AMZN) also exists. The company is the world's second-biggest retailer (only after ) and is the No. 1 name in e-commerce. Additionally, Amazon's diverse business model has seen it gain a powerful position in tech, with a leading 31% market share in the $626 billion cloud market.

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Source Fool.com