at Zacks.com (Tue, 6:13PM)
Department store stocks (M, SKS, SHLD, KSS, DDS) are trading lower in the wake of the divorce of...
Department store stocks (M, SKS, SHLD, KSS, DDS) are trading lower in the wake of the divorce of Ron Johnson from J.C. Penney and a report on retail chain store sales that leaned to the soft side. It's a move that some analysts see as slightly curious with the weather-related delay to the spring selling season only a temporary bump and with J.C. Penney seemingly a punch or two away from a knockout that could bleed some sales to peers.
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