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This Is The Wrong Time To Buy Macy's

Summary

The most noticeable aspect of M’s current state is the number of headwinds it must face.

The company has lowered its sales expectations in 2016, citing weakened U.S. consumer spending on apparel.

Now is not the time to buy Macy’s – the selloff is justified, at least temporarily.

The retail sector is a highly competitive one. The recent competition that I have found myself most interested in is the race to bottom between Sears (NASDAQ:SHLD) and J.C. Penney (NYSE:JCP). In my last article on SHLD, I correctly pinpointed the moment at...


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