The retail slog continues


The negative retail drums keep beating louder this morning with a string of companies (Fred's, Stein Mart, Buckle) showing negative same-store sales for February and Costco showing some uncharacteristic weakness.

The week has also seen RadioShack and Staples decide to close stores en masse and strong hints from other retailers that the promotional stance from the holidays has been tough to shake off.

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Comments (4)
  • User 509088
    , contributor
    Comments (1673) | Send Message
     
    anybody selling mall reits yet?
    6 Mar 2014, 08:38 AM Reply Like
  • phoneranger
    , contributor
    Comments (348) | Send Message
     
    XLY not XLP
    6 Mar 2014, 09:19 AM Reply Like
  • MEKhoury
    , contributor
    Comments (401) | Send Message
     
    That weather sure hit this space hard.
    6 Mar 2014, 11:48 AM Reply Like
  • TimmiesRegular
    , contributor
    Comments (4384) | Send Message
     
    I expect that lack of income growth and technological change are contributing as well. It's getting easier and easier to buy online and the very cold weather does keep us inside. UPS had so much backlog that extra workers were flown in to handle the crush of packages.
    6 Mar 2014, 02:10 PM Reply Like
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