"I still see some great opportunities out there," says Peter Dixon, manager of Fidelity Select Retailing fund.» Read More
Struggling home decor retailer Pier 1 Imports on Tuesday said Alex Smith, who was most recently senior executive vice president with TJX , would become chief executive.
TJX, which operates the T.J. Maxx and Marshalls chains, said that the computer systems that process its customer transactions had been breached and customer information had been stolen.
Which retail stocks should investors keep an eye out for in ’07? Robert Buchanan, retail analyst for A.G. Edwards, and Dana Telsey, retail analyst and chief research officer for Telsey Advisory Group, were on “Morning Call” to give their picks. Buchanan has a buy on J. C. Penney . He says a slowing has already occurred and the company is poised for growth in the new year. Buchanan especially likes the management at Penney.