When it comes to consumers, investors may have lost sight of that simple truth. It has been a trying month for retailers. Fiscal results for the first quarter ended in April have, in a number of instances, been met by investor disappointment. Last week shares of Kohl’s, Nordstrom and Foot Locker got taken out to the woodshed. Excluding internet retailers like Amazon.com, retailers in the S&P 500 are down 10% on average...

Source: Wall Street Journal May 29, 2019 11:00 UTC