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|Subject: Dillard's dn 5+% for the week||Date: 9/28/2012 12:14 PM|
|Author: pauleckler||Number: 46600 of 46905|
DDS continues daily declines from a recent new high.
Only a few years ago, it looked as if Dillard's might not survive. They have made a nice recovery. And while Macy's had good numbers recently, a major upscale retailer in UK issued a profit warning. People are clearly nervous about retailers for the Xmas season.
Last summer, retailers were king. But now even dollar stores have faded. And one must worry about low end restaurants.
Bottom line seems to be fear of another recession is real; this time upscale buyers, usually little affected, may be waiting to see.
Pros who must report are adjusting their portfolios for end of quarter reporting. But in retail segments, it could be time to take profits.
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