Monday, May 8, 2017

Wall Street is expecting the worst of the retail apocalypse this week

SP 500 Retail Sub Industry Earnings Growth q1 2017The 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

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