Retail rally rips higher – five experts weigh in on what's next (via TradingNation)
Five experts weigh in on what comes next for big-winner Nordstrom and the rest of the group."Who are the winners in this environment? Walmart, Target, Costco. The future of retail is a lot about service and Nordstrom Local helps you return items quickly and really leverages inventory in a very local way close to your home. So that is something to be watching and that's a brighter spot at Nordstrom.
Jharonne Martis, director of consumer research at Refinitiv, said certain retailers can hold up well in a slowdown. "When we look at our research at Refinitiv, it's very evident that Walmart and Target are very well positioned and so are other retailers as well and these names include companies that are offering the consumer value and convenience and have consistently done well in times of an economic slowdown and also when the consumer has been engaged. These are Walmart, Target, Home Depot, Lowes, Ulta, Sephora ...
Dana Telsey, CEO at Telsey Advisory Group, said this Nordstrom pop is overdue after getting washed out. "The big change in Nordstrom is the fact that the inventory levels came in clean, down 6.5%. And on the earnings guidance, while they adjusted the earnings guidance they still stayed within the range.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Rolling Stones Retail Experience Pops Up at Maxfield L.A.See inside the Rolling Stones retail experience in L.A.
Read more »
Hong Kong Retail Association Calls for Rental Relief, Warns of LayoffsMost retailers have fallen more than 50 percent in sales since the beginning of August, the HKRMA said.
Read more »
UK retail sales plunge in August fastest pace since 2008: CBIBritish retail sales plunged in August at the fastest pace since December 2008, ...
Read more »
The Affair Season Five: The Beginning of the End Promises to Get More Meta Than Ever.lizlet reviews the final season of TheAffair, which includes a time jump and tackles climate change.
Read more »
Stephen Fry showcases five stone weightloss after battling prostate cancerThe broadcaster, 61, attributed his weight loss to walks and eating sensibly
Read more »
Five Year-Old Boy Rocks the Stage During Foo Fighters Gig in Ireland: WatchSinger Dave Grohl spotted the kid during the band's show at the Vital Festival in Belfast and Taylor rocked so hard at his first show.
Read more »