Up Over 200% in 5 Years, This Top Stock Proves Not All Physical Retail Is Dead
The explosion of online shopping has resulted in many brick-and-mortar retailers struggling just to survive. When consumers have an expanding number of choices at lower prices with the added convenience of delivery -- all at their fingertips -- it's no surprise that physical shopping has been under pressure.
There is, however, one top retail stock that has thrived over the past decade by catering to a specific corner of the broader market. And the business is well-positioned to continue performing successfully in the future. I'm talking about discount chain Five Below (NASDAQ: FIVE), whose shares are up an incredible 230% in the last five years.
It's hard to overstate Five Below's success. At its initial public offering (IPO) in July 2012, the company had 226 stores. Fast forward to today, and there are 1,190 total locations, all in the U.S. The business targets a young customer (ages 10 to 13) with a wide range of merchandise from clothing and toys to tech gadgets and pet supplies, which all mainly sell under $5. Stores are vibrant and colorful shopping destinations that make it an exciting experience for customers.
Source Fool.com
