Rising inflation, inventory gluts and fears of a slump in consumer spending hurt some popular retail stocks in 2022, but analysts believe some of these names are poised to stage a comeback in the new year. The SPDR S&P Retail ETF (XRT), which tracks the sector, fell 33% as companies grappled with this tough macro environment and fears of a slowdown in spending on discretionary items. XRT 1Y Mountain 2022 S&P Retail ETF Plunges 33% as These Problems Continue into the New Year CNBC Pro searches for stocks within XRT that are positive on Wall Street heading into the new year. We examined names with a consensus buy rating of 60% or higher based on an average price target, and upside potential of more than 30%. Here are the names that met the criteria: Growth Stocks Took a Brutal Hit in 2022 in the Face of the Flabby and Rate-Hiking Federal Reserve. Against this backdrop, with Amazon shares up nearly 50%, the e-commerce giant is joining a slew of technology-related companies reducing their workforce after rapid growth to slow their cash burn. . Still, more than 77% of analysts say the stock is a buy, with upside potential of 36.5% as of Thursday’s close, FactSet data shows. Shares have gained nearly 17% since the start of 2023. The list is dominated by little-known retail stocks, including Shoe Carnival, the footwear company with a consensus buy rating on Wall Street and the group’s biggest upside potential. Shares have a downside risk of about 39% in 2022, but the consensus price target suggests the stock could soar as much as 66% by Thursday’s close. The stock has already jumped 7.6% in 2023. SCVL YTD Mountain shares are up nearly 8% in 2023 Franchise Group, meanwhile, made headlines last year over news that it was briefly in talks to acquire Kohl’s. The Vitamin Shoppe owner shed 54% in 2022, but analysts expect good times ahead for the stock. Eighty percent of analysts say the stock is a buy, with a consensus price target 33% higher than Thursday’s close. Car dealership group Lithia Motors and outdoor sporting goods retailer Sportsman’s Warehouse also met the criteria.