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Daily Archives: May 30, 2011

Retail Stock Rebound

May 30, 2011
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The Great Recession has been over for some time now (though many people are still out of work) and several sectors are benefiting from the recovery. One of them is retail, which was hard hit in 2008-2009 when many people closed their wallets and stopped spending. In April, same-store retail sales in the U.S. topped analyst expectations and rose 8.9% on average, one of the largest increases in the last few years. Same-store sales are an important indicator of a retailer’s internal health, so the big jump indicates that people are shopping again. And lately, many great retail stocks...

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