We recently compiled a list of the . In this article, we are going to take a look at where Lululemon Athletica Inc. (NASDAQ:LULU) stands against the other retail stocks.
The rise of tech and artificial intelligence (AI) in the past few years has had an impact not only on the tech sector but on the entire market. The retail sector is no stranger to this impact, with analysts now considering tech-enabled innovation as one of the core drivers in the growth of the retail sector. As a result, those retailers that are taking the tech expansion seriously and are making investments to incorporate new technology in their operations are finally beginning to catch the market's attention.
On June 24, Simeon Gutman, analyst at Morgan Stanley, joined to discuss the impact of tech and AI on retailers and how these companies are making use of tech to drive up profit margins. Here are some of his comments on the retail companies to keep an eye on in this respect: "Walmart's the one that comes to mind the first..
. with Walmart, you're hitting the nail on the head with several of these aspects of tech diffusion, and on top of it, they're gaining market share in terms of tech diffusion. AI is easily one of them, big scale, lot of data, lot of opportunity to go through their data and enhance both the frontend of their business, drive more sales to customers, make things easier, and improve the backend.
" According to Gutman, big-box retailers are the sector's winners when it comes to incorporating.