As Retailers Gear Up For Earnings, Experts Look To Unexpected Areas Of The Market For Gains
by MR Magazine Staff
Nov 12, 2019
It’s a big week for retail. Big names like Walmart, J.C. Penney and Burberry are gearing up to deliver their quarterly reports this week, hot off Chinese e-commerce giant Alibaba’s record-breaking Singles Day, which the company has rebranded to the 11:11 Global Shopping Festival. On Friday, Wall Street will also get a read on retail sales when the Commerce Department releases its monthly report. Investors are watching the broad-based sector for a take on consumer strength and to seek out the group’s individual winners. But traditional retailers may not have the run of things this earnings season. Read more at CNBC.