Tuesday, August 15, 2017

Street saw 'severe overreaction' to retail earnings, says trade group CEO

Image result for retail shoppersRetail earnings season is upon us, in case you haven't already noticed.

And although multiple department store chains saw their stocks craterlast week on second-quarter results, analysts are saying the environment really isn't as bad as it seems.

In fact, department stores, for the most part, posted better-than-expected results. There has been a "severe overreaction" on the Street, Rick Helfenbein, CEO of the American Apparel and Footwear Association, said.. . . more

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