2015 hasn’t been a kind year to traditional retailers or to retail stocks. For all the talk of “Fed liftoff” in anticipation of Yellen & Company raising short-term rates, American consumers remain stubbornly frugal six years into a supposed economic recovery. A recent study found that 75% of Americans now expect discounts of 60% or more in order to make a major purchase.
Yes, American auto sales are doing better than a lot of people expected. But that has a lot more to do with the age of the existing fleet than with Americans embracing retail therapy again. (The average age of cars on American roads is nearly 12 years.) The fact is, aging demographics, stagnant wages and extended shellshock from the 2008 meltdown have all conspired to keep wallets shut. But amid the retail-stock rubble, there are a few cheap dividend payers that might be worth a look: The Men’s Wearhouse (MW), Kohl’s (KSS) and Gap (GPS).
Source: InvestorPlace
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Posted by D4L | Friday, December 18, 2015 | ArticleLinks | 0 comments »________________________________________________________________
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