You heard it here first, there will be a Christmas this year! While Richard is bullish on the consumer, he feels that there is a large scale shift among leading retailers. He believes Kohl's (NYSE:KSS) as the most likely to pull out of its slump. He cites there ability to promote brands such as Chaps by Ralph Lauren and now will promote the new Simply Vera brand. TJX Companies (NYSE:TJX) is a good defensive stock that will perform well in a tough retail environment. I am now a big shopper at TJ Maxx and Marshals, because I do not make Nordstrom-like wages. I really do not know much about this next company, but apparently if I were a girl aged 7-14 I would be all over Tween Brands (NYSE:TWB). Richard would like to see if the new management has been able to shake things up for the 4th qtr.
Want to here a guardedly bullish view on retail? Listen In!
http://www.wallstreetreporter.com/page.php?page=featured&id=27424
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1 comment:
Great take on company.
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