Capri Holdings' (CPRI) third-quarter fiscal 2022 results might reflect gains from select price increases, sturdy e-commerce business and strength in brands.
With a multitrillion-dollar opportunity that is set to continue growing over the next few years, e-commerce is one of the best places to look for potential new investments. In Q3 2021, Amazon's latest quarterly result as of this writing, online store sales grew 3% year over year to $50 billion. This might seem slow compared to how fast the overall e-commerce category is growing, but if you look at third-party seller services (which is when Amazon facilitates sales for other companies), growth was a lot better.
Investors are panicking as the Federal Reserve prepares to raise interest rates to cool off inflation. The Nasdaq entered correction territory, defined as a 10% pullback from a previous peak, and the Dow Jones Industrial Average and the S&P 500 were hovering on the brink of that this week, showing every sector is getting hit. Target (NYSE: TGT) has arguably performed better than any brick-and-mortar retailer during the pandemic, but the stock still looks cheap at a price-to-earnings ratio of just 16.