(New York)
The retail sector had a terrible 2017, the “retailpocalypse”, only to recover and have a strong bounce back in the first half of last year. Now things are looking bleak once again. Top retailers like Nordstrom and Urban Outfitters have already fallen 25%+ in the last year. Each business has its own issues, but the general trend in the sector has been bearishness. Some may think with valuations very low it is a good time to buy in. Think again. Retailers are having to invest heavily to update their models and offerings in the face of digital disruption to the industry. Further, tariffs from the trade war will wound the sector.
FINSUM: The bruising period retail has been going through is not over and it does not seem like a wise time to invest.
- stocks
- value
- retail
- nordstrom
- urban outfitters
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
