Deal-seeking investors push retail stocks higher
Just one week ago it appeared that the sector might be in for a universally dismal holiday shopping season after gloomy earnings reports were issued by blue-ribbon retailers like Macy's and Nordstrom. [...] there was a raft of stronger reports from retailers ranging from Abercrombie & Fitch to Foot Locker, and indexes that track retail shares have had a surge this week that has surpassed any in the past two years. On Monday the clothing and accessories seller said quarterly sales at stores open at least a year ... Читать дальше...