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A number of retail stocks aren't taking part of the broad market rally today with concerns over...

A number of retail stocks aren't taking part of the broad market rally today with concerns over "paystub sticker shock" from consumers and anxiety over upcoming sales reports outweighing the buzz over the U.S. averting the fiscal cliff. Notable laggards: M -1.0%, JWN -0.3%, WMT +0.5%, KSS -1.2%, DDS -0.5%.
Comments (8)
  • SA Editor Samir Patel
    , contributor
    Comments (163) | Send Message
     
    Also TGT down 1.4%, though that's probably partially because of the analyst note too.
    2 Jan 2013, 11:23 AM Reply Like
  • WMARKW
    , contributor
    Comments (10275) | Send Message
     
    Why should there be "sticker" shock? Haven't we known about this FICA tax expiration for months?
    2 Jan 2013, 11:27 AM Reply Like
  • june1234
    , contributor
    Comments (2553) | Send Message
     
    Known or not it means consumers will have less to spend
    2 Jan 2013, 11:50 AM Reply Like
  • strickdaly
    , contributor
    Comment (1) | Send Message
     
    The 47% have no clue about the payroll tax cut - won't realize it until they get the first check of 2013. Then we will see a drop off in spending
    2 Jan 2013, 01:01 PM Reply Like
  • SoCalNative
    , contributor
    Comments (437) | Send Message
     
    "The 47% have no clue about the payroll tax cut - won't realize it until they get the first check of 2013"

     

    Nailed it. I'm amazed how many people at my office had no clue they're payroll tax even went up until I told them. I think they still don't get it. Screw'em then :-)
    2 Jan 2013, 03:47 PM Reply Like
  • WMARKW
    , contributor
    Comments (10275) | Send Message
     
    Financially illiterate. Isn't that amazing. Where so much of our economic future depends on people being financially capable, many are totally clueless. I know - I have a daughter who is. My EX-wife was and still is. You would think it would be considered sufficiently important to make a part of the public education system. Hmmmmm?
    2 Jan 2013, 03:54 PM Reply Like
  • madpup
    , contributor
    Comments (51) | Send Message
     
    Agree with your major point, but don't believe the majority in the 47% have jobs, so they won't feel it. However the low information voters (Morons) who do have jobs will get what they deserve.
    2 Jan 2013, 05:43 PM Reply Like
  • princejerome
    , contributor
    Comments (10) | Send Message
     
    in KOHLS over the last weekk--very busy --they are going to surprise alot of people
    3 Jan 2013, 04:23 AM Reply Like
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