Against the Grain: Burberry's Fall = Success for Other Retailers (M) (GPS) (JCP)
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The bad news: Burberry reported grim preliminary Q2 sales.
The good news: the fall of luxury may mean more trickle-down shoppers heading into cheaper retailers.
Getting the hint today are JCPenney (NYSE: JCP), TJX Cos (NYSE: TJX), and Bon-Ton Stores (Nasdaq: BONT). Others will need to catch up.
Though that might mean middle- and lower-class consumers may spend less, many will still need to do some shopping. Or else, we'd all end up like thrice-removed Uncle Sid, who hasn't purchased a new shirt or trousers in 20 years. ("That's 21 years!" - Uncle Sid.)
So, while Burberry, LMVH, Hermes, and others might see a little slowdown, there's always a shopping option open for most. Traders might keep an eye on Macy's (NYSE: M), Gap, Inc. (NYSE: GPS), and, maybe, Dillard's (NYSE: DDS).
The good news: the fall of luxury may mean more trickle-down shoppers heading into cheaper retailers.
Getting the hint today are JCPenney (NYSE: JCP), TJX Cos (NYSE: TJX), and Bon-Ton Stores (Nasdaq: BONT). Others will need to catch up.
Though that might mean middle- and lower-class consumers may spend less, many will still need to do some shopping. Or else, we'd all end up like thrice-removed Uncle Sid, who hasn't purchased a new shirt or trousers in 20 years. ("That's 21 years!" - Uncle Sid.)
So, while Burberry, LMVH, Hermes, and others might see a little slowdown, there's always a shopping option open for most. Traders might keep an eye on Macy's (NYSE: M), Gap, Inc. (NYSE: GPS), and, maybe, Dillard's (NYSE: DDS).
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