Retailers Have a Rocky Road
Nike (NKE) gives up 5 points in a heartbeat. Macy's (M) gets clubbed for a point and a half. Same with Nordstrom (JWN). Just a sour day, and there's no way to be able to refute it. We interviewed Terry Lundgren, the CEO of Macy's, just this morning, and he was speaking pretty darned positively about business, but today was a day when no one cared.
How are we supposed to refute the rumors of Nike having a tough quarter that emanated from a boutique shop today? Who knows?...278 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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