Why Did Macy's, Dick's, and Office Depot Shares Sink in August?
The so-called "retail apocalypse" has been relentless in beating down certain retailers. Even as they change strategies, close stores, and try new things, winning back customers has been a challenge for some chains.
Macy's (NYSE: M), Dick's Sporting Goods (NYSE: DKS), and Office Depot (NASDAQ: ODP) have all been affected. While none of the three is in imminent danger of going bankrupt, all of them have struggled. In August, the three chains all reported quarterly earnings, and the news was not good. Shares in each company dropped afterward, at least partly on fears that a turnaround won't be coming soon, if ever.
Macy's has been struggling for answers in a changing retail world. Image source: Getty Images.
Source: Fool.com
The ODP Corp. Stock
€35.20
1.150%
Currently there is a rather positive sentiment for The ODP Corp. with 3 Buy predictions and 0 Sell predictions.
With a target price of 57 € there is a hugely positive potential of 61.93% for The ODP Corp. compared to the current price of 35.2 €.
