Reports of retail death have been premature
The Washington Post published comments about a Bloomberg report, reflecting on specialty apparel and department store stocks being battered in recent years, as a steady stream of store closings and online competition put their future in doubt. Recently, this trend has been shifting and analyst now started to rank some of the retail stocks as 'buy'. According to Bloomberg, many big names in the clothing business have better days ahead because they’ve made some "underappreciated progress in solving some important problems", such as ... getting better at inventory control and shortening merchandise buying cycles. Such measures make sense, but what we don't understand is why did this qualify as news? Effective buying and accurate inventory control are retail 101. Anyway, it is good to hear that not everything within the retail industry is doom and gloom.