Wall Street Journal
Investors are warming to shares of department stores, fast-food chains and apparel retailers that have long sat in Amazon.com Inc.’s shadow in the S&P 500’s consumer-discretionary sector.
Struggling retailers like Macy’s Inc. and Target Corp. have invested heavily in e-commerce and revamped their stores and inventory to improve their brick-and-mortar operations. McDonald’s Corp. has overhauled its low-price value menu to entice customers back to its restaurants, and Nike Inc. has focused on selling its products directly to consumers and has revamped key brands like its Jordan line of sneakers. . . . more