Here are 3 retail shares in my shopping basket

The Greencross Limited (ASX:GXL) share price may be up 12% in the last six months, but I don't believe it is too late to invest in it and two other fast-growing retailers. Here's why…

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The rise of online shopping and the arrival of low-cost retailers like H&M and ALDI in Australia has led retailers such as Myer Holdings Ltd (ASX: MYR) and Woolworths Limited (ASX: WOW) to struggle for growth in recent few years.

Unfortunately for shareholders, as you might expect this has had a negative impact on their respective share prices.

But not all retailers are struggling. Three retailers which have continued to grow unabated are listed below. Here's why I think they could be three of the best options in the retail industry:

The Greencross Limited (ASX: GXL) share price has risen 12% in the last six months thanks largely to a solid half-year result announcement from the integrated pet care company in February. As well as a strong performance from its 164 veterinary practices, the 17% jump in net profit after tax was driven by a 3.8% increase in like-for-like sales growth at its retail stores. Through its retail brands including Petbarn, City Farmers, and Animates, Greencross has a network of 237 stores throughout Australia. With pet ownership in Australia on the rise, I expect the company to profit greatly from the tailwinds it provides.

The Noni B Limited (ASX: NBL) share price has been one of the best performers in the retail industry this year with a 13% gain. This brings its 12-month return to an impressive 39%. Despite the strong gain I don't believe it is too late to grab a slice of the fashion retailer. Through its brands Noni B and the recently-acquired Pretty Girl, the company has become a force in the lucrative middle-aged woman market. In its half-year results the company posted a 142% jump in half-year revenue to $143 million. Pleasingly underlying pre-tax profit rose even quicker at 149% to $10.1 million.

The Premier Investments Limited (ASX: PMV) share price has fallen by 20% in the last 12 months. I believe this drop has left its shares trading at a great price for patient buy and hold investors. In its recent half-year results the company behind brands such as Smiggle, Peter Alexander, and Just Jeans reported a 10.6% increase in earnings before interest and tax to $93 million. The key driver of the strong result was once again the Smiggle stationery brand. Smiggle's global sales increased 26.4% during the period, meaning it now accounts for almost 23% of the company's total sales. And with its global expansion showing no signs of slowing, I believe Premier Investments is in a solid position to continue growing its bottom line at an above-average rate for several years to come.

Motley Fool contributor James Mickleboro has no position in any stocks mentioned. The Motley Fool Australia owns shares of Greencross Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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