Michael Cash
Editor's Choice
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Healthy Wallets, Healthy Returns
By Michael Cash - February 24, 2013 | Tickers: KSS, M, JWN |
U.S. retail same-store sales exceeded expectations in January, led by Macy’s (NYSE: M), Kohl’s (NYSE: KSS), and Nordstrom (NYSE: JWN). We need more economic data to understand whether this was spurred by larger than anticipated promotions or if U.S. shoppers simply spent more money than analysts predicted. But I think this could be a long-term trend driven by our recovering economy, and I'm inclined to more »