The nation's retailers revealed that sales plummeted last month making October the weakest month decades. However, all those negative numbers might add up to positive results for investors.
On CNBC’s Closing Bell retail analyst Howard Davidowitz says he sees opportunity in retail. “Look it’s terrible, I know. But that doesn’t mean companies aren’t going to emerge,” he says to Dylan Ratigan and Jeff Macke.
(In case you’re wondering, yes, it's the same Howard Davidowitz that’s been forecasting gloom and doom in retail for well over a year now.)