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Be wary of retail stocks, investors are urged - Read More

Date Added: August 25, 2008 12:08:04 PM
When should you head to the clearance rack of retail stocks? Not yet, says Morgan Stanley retail analyst Gregory Melich. There is probably a series of markdowns yet to come. Hints of the future were plentiful last week. Target stock fell when the company said consumers have been reluctant to buy clothes and have struggled with credit card bills.

Category: Business & Economy » Finance and Investment » Stocks and Shares


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