The focus of earnings season shifts this week to brick-and-mortar retailers, with companies including Macy's and Nordstrom set to announce first-quarter results.
Analysts are not expecting to be impressed.
"Of the 13 retail sub-industries in the S&P 500, just four have reported or are expected to report earnings growth for the first quarter," John Butters, the senior earnings analyst at FactSet, said in a note on Friday.. . . more