Do Not Buy Retailers, Part 2

Zachs.com published an article at Seeking Alpha discussing overall weakness in the retail sector.

Zachs calls out Abercrombie (ANF) and Target (TGT) by name for having weak comparable-store sales figures - ANF's dropped 28% vs. year ago numbers, while Target's fell 6%. They also pointed out that Wal-mart (WMT) elected to NOT report comps for the first time in 30 years. That doesn't necessarily mean trouble for WMT, but it's an indication of the immense pressure of retailers to maintain sales, beat Wall Street estimates, or suffer the consequences.

Read the full article here at Seeking Alpha.

___________________________________________
Shop Amazon.com to Support this Website.
_____________________________________________