Seeking Alpha

Is Macy's the exception or the rule?

  • A powerhouse quarter and Q4 confidence from Macy' (M +7.9%) is providing a lift to the entire department store sector.
  • Though the performance of Macy's seemed to be a direct result of strategic moves by management with its omnichannel initiatives and licensing partnerships, investors are assuming that the chill over retail has defrosted slightly. At least a few retail analysts warn that the Macy's recipe of giving away some margin with promotional activity to add comp growth won't go so smoothly for peers.
  • Advancers: Dillard's (DDS) +3.5%, Bon-Ton Stores (BONT) +3.3%, Kohl's (KSS) +1.5%, J.C. Penney (JCP) +1.0%, Nordstrom (JWN) +2.6%.
  • Even the S&P Retail ETF (XRT) is feeling the Macy's Effect - adding 0.5% on a down market day.
Comments (1)
  • Hey, it's always going to be a "bad Christmas," right? An annual event for analysts.
    13 Nov 2013, 10:01 AM Reply Like
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