Refiles to correct Walmart's RIC to WMT.O from WMT.N in the table
** The S&P 500 Consumer Discretionary Distribution and Retail index .SPXRT was up 4.7% YTD, while the S&P 500 index .SPX was up 17.3%
** Retailers including Walmart WMT.O, Target TGT.N, and Kroger saw leadership shake-ups in 2025, as consumer companies seek fresh strategies to revive growth and navigate shifting customer trends amid economic uncertainty
** Walmart shares jumped ~24% this year, after the retailer's strong performance, helped by middle to higher income consumers who are now shopping at its stores for affordable essentials while other income streams such as marketplace, Sam's Club, Walmex stores also support profit growth
** Demand for cheaper necessities across income groups also drove sales at Dollar Tree DLTR.O and Dollar General DG.N, with shares jumping 66% and ~80% YTD, respectively
** Off-price retailer TJX's TJX.N shares were up ~29% this year, logging its biggest annual gain since 2019, while Ross Stores ROST.O up ~20% this year betting on resilient demand for its discounted apparel and accessories
** Inversely, Target TGT.N stock logs its fourth straight year of decline at 28% YTD as its heavier reliance on discretionary categories like apparel and home goods made it less attractive to budget-conscious consumers
** Growing pressure on lower-income consumers caused some trouble for grocer Kroger KR.N, even as the company works to revamp its e-commerce strategy; shares up 2% YTD
Company | RIC | 2025 YTD | 2024 YTD | 2023 YTD |
Walmart | 23.9% | 71.9% | 11.2% | |
Kroger | KR.N | 2.5% | 33.8% | 2.5% |
TJX | TJX.N | 28.6% | 28.8% | 17.9% |
Ross Stores | ROST.O | 20% | 9.3% | 19.2% |
Target | TGT.N | -27.9% | -5.1% | -4.4% |
Dollar Tree | DLTR.O | 65.5% | -47.2% | 0.4% |
Dollar General | DG.N | 79.1% | -44.2% | -44.8% |
Albertsons | ACI.N | -12.2% | -14.6% | 10.9% |
Amazon.com | AMZN.O | 6% | 44.4% | 80.9% |
(Reporting by Sanskriti Shekhar in Bengaluru)
((Sanskriti.Shekhar@thomsonreuters.com))
