Investors are warming to shares of department stores, fast-food chains and apparel retailers that have long sat in Amazon.com Inc.’s shadow in the S&P 500’s consumer-discretionary sector. Struggling retailers like Macy’s Inc. and Target Corp. have invested heavily in e-commerce and revamped stores and inventory to improve their brick-and-mortar operations. McDonald’s Corp. has overhauled its low-price value menu to entice customers back to its restaurants, and Nike Inc. has focused on selling its products directly to consumers...

Source: Wall Street Journal May 03, 2018 11:03 UTC