Investor expectations for U.S. retailers were high heading into the holidays. Low unemployment, rising wages and strong consumer confidence all boded well for spending; and several chains, like Sears and Toys “R” Us, had gone out of business. Even in a strong economy, though, not every retailer is going to win. As holiday sales reports trickle in, a divide is growing between the weak and the strong. On Thursday, Macy’s reported that same-store sales during November and December...

Source: Wall Street Journal January 10, 2019 17:03 UTC