1 Retail Stock to Avoid No Matter What
Consumerism is rebounding, to be sure. Mall parking lots are a bit more crowded than they were just a few months ago. Although the bar was set low, the 9.8% year-over-year jump in retail spending in the U.S. says people are willing and able to shop again. Consumer confidence is also as high as it's been since the pandemic took hold. Most of the nation's remaining retailers -- along with their investors -- can breathe a small sigh of relief.
There are some exceptions, however, with the most prolific of them being iconic department store chain Macy's (NYSE: M). While its recovery effort is commendable as well as measurable, it's recovering back into a situation that's even less favorable for it now than before the coronavirus contagion began. Four specific faults stand out.
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Source Fool.com
