The sweet spot for retail appears to be mid-priced stores such as Saks (SKS -0.5%), Gap (GPS...


The sweet spot for retail appears to be mid-priced stores such as Saks (SKS -0.5%), Gap (GPS +8.4%), Nordstrom (JWN +0.9%), Macy's (M +4.5%), and Kohl's (KSS +2.0%) as July numbers indicate that some consumers passed on by luxury stores, bargain stores, and specialty names. If the trend continues into the stronger back-to-school months of August and September, Q3 numbers could surprise for the sub-sector.

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