Heard on the Street: Maybe some good news from retailers on earnings
Maybe Some Good News From Retailers Earnings expectations are low after disappointing holiday sales, but some retailers could eke out a win By Elizabeth Winkler Feb. 25, 2019 8:03 a.m. ET Retail investors have good reason to be anxious as department stores begin reporting fourth-quarter earnings.
Retail stocks mostly dropped in January, when department stores reported disappointing holiday sales. Then the Commerce Department reported that overall U.S. holiday sales experienced their largest drop since 2009. Expectations are justifiably low. Does that mean there could be some pleasant surprises, though? Macy’s, which reports fourth-quarter earnings on Tuesday, returned to growth in 2018 after suffering losses...
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