Rising inflation, excess inventory and concerns about slowing consumer spending have weighed on some popular retail stocks in 2022, but analysts say some big names This is ready to recover in the new year. The SPDR S&P Retail ETF (XRT), which tracks the sector, has plummeted 33% as companies grapple with this difficult macro environment and concerns about reduced spending on discretionary goods. The XRT 1-Year Mountain S&P Retail ETF is down 33% in 2022 As these issues drag into the new year, CNBC Pro looked for stocks in XRT that Wall Street is positive about in the new year. We screened for names with consensus buy ratings of 60% or higher and upside potential in excess of 30% based on average price targets. Here are the names that meet the criteria: Growth stocks have been hit hard in 2022 in the face of Federal Reserve hawks and interest rate hikes. Against that backdrop, Amazon’s stock jumped nearly 50%, with the e-commerce giant joining a slew of tech-related companies cutting their workforces after rapid growth. to slow down the burning of cash. Even so, more than 77% of analysts say the stock should be bought, with the potential to rally nearly 36.5% from Thursday’s close, FactSet data shows. Shares have rallied back nearly 17% since the start of 2023. A host of lesser-known retail stocks dominated the list, including Shoe Carnival, a footwear company with a unanimous buy rating on the Streets. Wall and has the biggest upside potential of the bunch. The stock is down about 39% in 2022 but the consensus price target suggests the stock could rise as much as 66% from Thursday’s closing price. Shares are up 7.6% in 2023. Mountain SCVL YTD Owners of The Vitamin Shoppe are down 54% in shares in 2022, but analysts expect good times to come for the stock. 80% of analysts say the stock should be bought, with a consensus price target implying a 33% gain from Thursday’s closing price. Car dealership group Lithia Motors and outdoor sportswear retailer Sportsman’s Warehouse also meet the criteria.