real-time news and commentary for investors
Wednesday, Aug 14
Soft sales at Macy's could trip up department store stocks
- Department store stocks could see some selling pressure after sector leader Macy's stumbles a bit in Q2.
- The message from Macy's couldn't have been more clear: U.S. consumers are still cautious on spending for discretionary items.
- On watch: Nordstrom (JWN), Kohl's (KSS), Saks (SKS), Dillard's (DDS), J.C. Penney (JCP), Sears Holdings (SHLD), The Bon-Ton Stores (BONT).