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June 1, 2021, 12:50 p.m. EDT

5 Retail Stocks To Watch This Week

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Jun 01, 2021 (StockMarket.com via COMTEX) -- Are These Top Retail Stocks Worth Investing In 2021?

When thinking of what stocks to buy right now, investors may want to consider retail stocks. After all, most would argue that conventional retailers are among the most viable reopening plays in the stock market today . Why? Well, for starters, retail companies would stand to gain momentum from consumers returning to brick-and-mortar stores. This would be the case as pandemic restrictions continue to loosen nationwide. Aside from that, most of the companies in the industry now likely offer e-commerce services in one form or another. In the long-term, this could boost sales while also making their wares available to a wider array of consumers. Because of all this, I could see retail stocks becoming the best growth stocks to buy now.

For the most part, we can see that retail companies continue to invest resources towards bolstering their services now. Take Bed Bath & Beyond ( NASDAQ: BBBY ) for example. Although BBBY stock may be considered a meme stock, the company seems keen on leveraging consumer home improvement trends. As of last week, BBBY partnered with DoorDash ( NYSE: DASH ) to provide same-day delivery services. Meanwhile, retailers such as Dick's Sporting Good's ( NYSE: DKS ) crushed earnings estimates during the recent retail earnings season. As it stands, DKS stock is up by over 150% in the past year and is heading towards new heights. Given all of this, I can understand if investors are looking to invest in the top retail stocks in the stock market now. If you are one of them, here are five in the spotlight this week.

Best Retail Stocks To Watch This Week

Build-A-Bear Workshop Inc.

To begin with, we will be looking at Build-a-Bear Workshop Inc. (BBW). For the uninitiated, the Missouri-based retailer sells teddy bears and other stuffed animals and characters. Also, most consumers would be more familiar with the company's teddy bear building workshops. BBW organizes and facilitates such activities in over 500 physical stores across the U.S., Canada, China, Denmark, Puerto Rico, and the U.K. Not to mention, the company also operates via third-party retail locations and franchise stores across Asia and Europe among other places. Now, BBW stock would be in focus on account of the company's latest quarter fiscal reported last week.

In it, BBW saw green across the board. The company posted massive year-over-year surges of 96% in total revenue and 148% in net income for the quarter. To investors' delight, BBW also reported a significant 146% bump in earnings per share over the same time. According to CEO Sharon Price John, this marks one of the company's strongest first quarters. All things considered, will you be buying BBW stock?

[Read More] 6 Top Dividend Stocks To Watch For Your Retirement Plan

Koss Corporation

Another retail company in the limelight now would be the Koss Corporation. For some context, Koss was admittedly among the group of meme stocks that received a massive boost from retail investors. Social media hype aside, the Wisconsin-based company designs and manufacture top-of-the-line high fidelity stereophones and audio accessories. If anything, Koss would likely continue to ride existing consumer spending tailwinds given the quality of its audio offerings. More importantly, KOSS stock is currently sitting on gains of over 600% year-to-date. Seeing as this is after it has taken a breather from its Reddit-fueled high, should investors be buying in?

Notably, Koss is a prominent name in the global audio accessory industry now. According to Grand View Research, this market is expected to grow at a compound annual growth rate of 20.3% through 2027. Should this be the case, it would likely be thanks to growing consumer preference for enhanced audio experiences. Given the rising popularity of audio-based entertainment by the likes of the Clubhouse app and Spotify ( NYSE: SPOT ), Koss's offerings could remain in demand. Would all this make KOSS stock a buy for you?

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