Seeking Alpha

Macy's leads department store sector higher

  • Investors are giving Macy's (M +3.9%) a pass after January sales came in soft and the company warned on a sluggish early start to the current quarter.
  • The enthusiasm on the retailer appears to stem from its ability to hold up margins through its omnichannel approach to selling.
  • Macy's also reiterated its guidance for the fiscal year despite the slow start.
  • The department store sector is mounting a little comeback today after it was awash in red yesterday.
  • Gainers: Kohl's (KSS) +1.8%, Nordstrom +0.8%, Dillard's (DDS) +4.6%, Sears Holdings (SHLD) +3.3%, Bon-Ton Stores (BONT) +2.6%.
Comments (3)
  • Rondor1
    , contributor
    Comments (30) | Send Message
     
    This is a good place to get in short.
    25 Feb, 10:45 AM Reply Like
  • IPOChaser
    , contributor
    Comments (52) | Send Message
     
    You literally took the words right out of my mouth. Most publicly traded companies can do no wrong right now as almost all news coming out of them is looked at with rose colored glasses. There are a few companies that do get hammered (see GRPN) but otherwise the music has not ended...

     

    Still may be too early to short but there will be many opportunities with the time is right.
    25 Feb, 10:49 AM Reply Like
  • Rondor1
    , contributor
    Comments (30) | Send Message
     
    Of all retailers, M is a good one. But the dogs have followed M up today.
    25 Feb, 11:04 AM Reply Like
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