We are finally seeing signs that retail is trending positively again, and with consumer confidence up, the outlook is looking less negative, and may even be slightly optimistic. Here, we look at some recent signals that indicate retail could be on the upswing.
In the second quarter of 2017, we saw some positive retail earnings trends. According to research presented by Goldman Sachs at its 24th Annual Global Retailing Conference last week, 76% of 50 retail companies that reported second-quarter earnings beat consensus EPS estimates in the quarter, while 20% missed estimates and 4% saw EPS that was in line with estimates. The companies in the group cover the entire retail sector, and include operators of specialty, department, home furnishings and off-price stores. . . . more