Wednesday, January 10, 2018

Retail Apocalypse Delayed

Shoppers browsing through items at a Target store in Alexandria, Va., on Black Friday.“When companies are priced for death, slight increases seem heroic,” observes Simeon Siegel of Nomura Securities. Indeed, holiday sales, reported over the last week by a cluster of such doomed retailers, suggest an extraordinary revival.

It isn’t surprising that Kohl’s and Target were among the best performers. Both have made big investments in e-commerce and innovation. Kohl’s attributed its growth to digital demand and stronger in-store traffic. Its new partnership with Amazon, which allows it to sell Amazon’s popular smart-home products in stores, likely helped. . . . more

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