Kalkine Media picks DOL to GBT: 5 TSX retail stocks to watch right now

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Highlights

  • The TSX Consumer Discretionary Index jumped by about 12 per cent quarter-to-date
  • The TSX Consumer Staples index soared by over seven per cent during this quarter
  • Dollarama scrip ticked up by almost 45 per cent in 12 months

Canadian investors focused on quality returns can explore consumer stocks related to the retail sector like Dollarama (TSX: DOL), North West Company (TSX: NWC), Aritzia (TSX: ATZ), etc.

Canada's Consumer Discretionary Index jumped by about 12 per cent quarter-to-date (QTD) amid the volatile market environment. In comparison, the TSX Consumer Staples index soared by over seven per cent during this time. According to Statistics Canada, retail sales rose by 1.1 per cent to C$ 63.1 billion in June this year, compared to May this year. However, unofficially the agency estimated retail sales to decline by two per cent in July (actual retail sales data to be out on September 23).

Hence, Kalkine Media® brings to your attention the following five TSX retail stocks that investors can explore for long-term gains.



 


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