Join our Larry McDonald on CNBC’s Fast Money, Wednesday May 18, at 5pm.
Pick up our latest Bear Traps Report here.
Today’s 52-week lows are ALL retail:
* Foot Locker
* Nordstrom
* L Brands
* Gap
* Macy’s
* Target
* Nordstrom
* L Brands
* Gap
* Macy’s
* Target
Shift to Online Sales Impact:
At least some of the pressure on retailers’ corporate earnings has come from the Shift!
Online sales as a % of yoy Growth for Sector
2015-16: 9-11%
2012-13: 4-6%
Bear Traps Report Data
Target TGT CEO in earnings call sounds gloomy target:
“after Easter sales and traffic trends softened noticeably”
Target CEO
“competitors have excess inventory which will extend promotional environment into months ahead”
TGT -10% here today
Pick up our latest Bear Traps Report here.
