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Chain store stocks catch a bid

Published 06/12/2017, 10:46 AM
© Reuters.  Chain store stocks catch a bid
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  • Retail stocks are outpacing the broad market once again, led by the beat-up chain store sector.
  • The efforts by the Nordstrom (NYSE:JWN) family to take the company private and some tamping down of border tax concerns continue to give investors some reasons to be constructive on the sector.
  • Notable gainers include J.C. Penney (JCP +4.9%), Kohl's (KSS +2.5%), Urban Outfitters (URBN +3.4%), Stein Mart (SMRT +9.2%), Citi Trends (CTRN +3.6%), Gap (GPS +2%), L Brands (LB +4.1%) and Ascena Retail Group (ASNA +7.3%).
  • Previously: Retail sector looks to shake off border tax talk (June 10)
  • Now read: Tenant Focus: Ascena


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