Holiday Season to Power Retail Sales: 5 Stocks With Growth Potential

Retail Sector Overview - The retail sector is experiencing a steady rebound, with sales growth observed over the past few months, and the upcoming holiday season is expected to further boost sales [1][2] - Retail sales are projected to rise 3.5% year over year in 2024, with total sales estimated between $979.5 billion and$989 billion, despite being the slowest growth in six years [2] - The Commerce Department reported a 0.4% increase in retail sales for September, surpassing expectations [3] Holiday Season Impact - Holiday sales grew 3.9% to $955.6 billion last year, and retailers are expected to hire between 40,000 and 50,000 seasonal workers this year [2] - Online and non-store sales are projected to increase by 9$297.9 billion, up from $273.3 billion in 2023 [2] - Adobe Analytics forecasts online sales to jump 8.4$240.8 billion this holiday season, compared to $221.8 billion in 2023 [2] Company-Specific Insights - Burlington Stores, Inc. (BURL): Expected earnings growth rate of 30.5%, with a Zacks Consensus Estimate improvement of 2.7% over the past 60 days, currently holding a Zacks Rank 2 [4] - Costco Wholesale Corporation (COST): Expected earnings growth rate of 10.2%, with a Zacks Consensus Estimate improvement of 0.7% over the past 60 days, currently holding a Zacks Rank 2 [6] - Chewy, Inc. (CHWY): Expected earnings growth rate of 65.2%, with a Zacks Consensus Estimate improvement of 17.5% over the past 60 days, currently holding a Zacks Rank 1 [7] - Target Corporation (TGT): Expected earnings growth rate of 6.6%, with a Zacks Consensus Estimate improvement of 0.4% over the past 60 days, currently holding a Zacks Rank 2 [10] - Lands' End, Inc. (LE): Expected earnings growth rate of over 100%, with a Zacks Consensus Estimate improvement of 23.3% over the past 60 days, currently holding a Zacks Rank 1 [12]