Boston Globe (January 10)
2019/ 01/ 12 by jd in Global News
“Many investors had expected department stores to enjoy robust sales over the holidays in light of a U.S. economy buoyed by low unemployment, higher wages, strong consumer confidence and cheap gas.” Lackluster results from Macy’s and Kohl’s sent “retail stocks into a tailspin… calling into question whether such mall-based chains can compete in a changing landscape where shoppers are shifting more of their spending online.”
Tags: Consumer confidence, Holiday sales, Investors, Kohl’s, Lackluster, Macy’s, Malls, Online, Retail stocks, Shoppers, Tailspin, U.S., Unemployment, Wages
