These 2 Department Stores Are Winning the Post-Lockdown Turnaround
Retail stocks surged on the morning of Thursday, Aug. 19, after big department store companies Macy's (NYSE: M) and Kohl's (NYSE: KSS) reported strongly positive results, with Macy's stock price racing more than 19% higher by midday after its second-quarter 2021 earnings release.
The sizzling results signaled not only a strong rebound for the two companies but lifted the entire retail sector as investors reveled in the news. It's possible to question the sustainability of the department store sector's revival, but overall, indicators point to the bulls likely being correct.
Image source: Macy's.
Source Fool.com
