Investors in some retail stocks have more than holiday spending to worry about

Facing the fastest inflation in two generations, bloated inventories, higher interest rates and a slower economy in 2023, the leading concern going into the crucial 2022 holiday season is how retail sales are going to hold up. The evidence to date has been spotty. Target last week reported a 50% decline in fiscal third-quarter profit, missing analyst estimates. Kohl's CEO is stepping down , and the Wisconsin chain said sales are declining and withdrew its financial forecasts.

Here's a screen of high-yielding retail stocks, based on last Friday's close: Kohl's, under pressure from activist investors and its shares down 35% in 2022, now yields 6.2%. American Eagle Outfitters, whose shares have slumped nearly 40% this year, yields 4.7%. Best Buy shares are lower by more than 20% this year, leaving its yield at 4.4%. Old Navy-parent Gap today yields 4.1%.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

What stock-market investors will be looking for in the Fed minutesInvestors want clues on how high the benchmark interest rate needs to go and how long it will stay there.
Herkunft: MarketWatch - 🏆 3. / 97 Weiterlesen »