Retail Industry
Industry: Email Alert RSS FeedTAKING STOCK: THE BOTTOM LINE ON THE SHOE BIZ.(retail stocks)(B-T-S Roundtable)(lawsuit between Stuart Weitzman and Wolff Shoe Co.)
Footwear News, June, 2007 by Casabona, Liza
Byline: Liza Casabona
Stock Forecast: Investors in the retail sector are expected to "remain on edge" until the potential impact of an interest rate hike are factored in, according to a research report released last week by Jefferies & Co. "In general, periods of increased economic uncertainty often result in higher volatility and/or market sell-offs, which lead to further selling as investors turn increasingly cautious and become net sellers of shares," Jefferies analyst Tim Allen wrote. "Therefore, we anticipate a higher level of market volatility and investor apprehension until expectations of future economic prospects have sufficiently discounted any near-term negative impacts." On the bright side, however, Allen noted that inflation appears to be...
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