Retail rally rips higher – five experts weigh in on what's next (via TradingNation)
Five experts weigh in on what comes next for big-winner Nordstrom and the rest of the group."Who are the winners in this environment? Walmart, Target, Costco. The future of retail is a lot about service and Nordstrom Local helps you return items quickly and really leverages inventory in a very local way close to your home. So that is something to be watching and that's a brighter spot at Nordstrom.
Jharonne Martis, director of consumer research at Refinitiv, said certain retailers can hold up well in a slowdown. "When we look at our research at Refinitiv, it's very evident that Walmart and Target are very well positioned and so are other retailers as well and these names include companies that are offering the consumer value and convenience and have consistently done well in times of an economic slowdown and also when the consumer has been engaged. These are Walmart, Target, Home Depot, Lowes, Ulta, Sephora ...
Dana Telsey, CEO at Telsey Advisory Group, said this Nordstrom pop is overdue after getting washed out. "The big change in Nordstrom is the fact that the inventory levels came in clean, down 6.5%. And on the earnings guidance, while they adjusted the earnings guidance they still stayed within the range.
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