Are These 3 Retail Stocks Dividend Traps?
The retail apocalypse could cause up to 12,000 store closures in the U.S. this year, according to Coresight Research. Traditional malls are withering as superstores, warehouse retailers, and discount retailers pull away shoppers, while Amazon and other e-commerce marketplaces are digitizing the entire shopping experience.
As a result, many retail stocks plunged over the past year, and their dividend yields inadvertently soared. Investors might be wondering if these stocks are now undervalued dividend plays or high-yield traps, so let's dig deeper into three high-yielders: Macy's (NYSE: M), Kohl's (NYSE: KSS), and L Brands (NYSE: LB).
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Source Fool.com
