Buy These Discount Store Stocks: Top Analyst
As the weak-consumer trend continues, some of these discounters are going to keep performing well, said Dana Telsey, chief research officer and retail analyst at Telsey Advisory Group.
“The back-to-school season is going to be sluggish at best and everything is still going to depend upon price,” Telsey told CNBC. “The consumers only react to discounts these days.”
Telsey said there is a slight rise in women’s apparel sales in the department stores more so than in the specialty stores.
No immediate information was available for Telsey or her firm.