Dan’s Top Stock for March 2021
March 1, 2021
Not every retailer has been hit by the so-called retail apocalypse. A handful of innovatie store operators have given people a reason to leave their homes and gotten them excited about shopping in stores (even during a pandemic).
7investing lead advisor Dan Kline’s March Pick is a retail gem that’s hiding in plain sight. This is a chain that has steadily added locations and it now operates in over two-thirds of U.S. states with many more stores to come.
This chain has profitable stores, a robust plan for growth, and a user experience that encourages repeat visits. It’s also a model where the company’s customers become its advocates, limiting marketing costs and allowing new locations to quickly reach profitability.
My stock pick this month is a retail gem that’s hiding in plain sight.
I was surprised that nobody else in the 7investing team had ever visited one of this chain’s locations. But that’s likely to change soon as the company has steadily added stores and it now operates in over two thirds of the US, with many more locations to come.
I’m Dan Kline, lead advisor for 7investing. My pick for March has shown that even in a world where brick and mortar chains have to battle with the ease of the internet, this one can not only compete, but thrive. This is destination retail that won’t easily be supplanted by Amazon or any other online retailer. This chain has profitable stores, a robust plan for growth, and a user experience that encourages repeat visits. It’s also a model where the company’s customers become its advocates. That limits marketing costs and allows new locations to quickly become profitable.
What’s perhaps the most exciting thing here is that this brand has only reached a small part of its potential in the US, and it hasn’t even begun to expand around the world.
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