Black Friday darker for some retail stocks than others
The U.S. holiday shopping period kicking off on Friday may heighten Wall Street’s perception of a growing divide between retailers adapting to online sales and those unable to shake their reliance on dwindling shopping mall traffic.On one side are companies including Target TGT.N, Costco COST.O and Best Buy BBY.N, which have bulked up their online presence, deliveries and fast in-store pickups attractive to customers and have seen their stocks outperform. Also among the winners...
Read more...