Macy’s shares ries 7% after being upgraded by JPMorgan to overweight from neutral. Nordstrom and Kohl's rise more than 2%.
Valuation and earnings look pretty good, it's still hard for me to bet or buy into 'brick and mortar' retail that primarily sell 'apparel, accessories, cosmetics, home furnishings', etc. M is more iconic than KSS, but with 508 "overhead centers" (retail locations) in the U.S. ... ? The economy would really have to take off and fly for retail stores like M and KSS to pay off, in my opinion. But what do I know?
Thanks Rayak but Retail brick and mortar is prime to take off with market. It's cheap and undervalued. I shop at these stores when I want something now and not shipped. Will always be there no matter what in future.
