It was blockbuster earnings season for retailers that reported in August. While some firms that benefited from stay-at-home demand like Lowe’s (ticker: LOW) succeeded, it was department stores like Macy’s (M) and apparel retailers like Gap (GPS) that really crushed analysts’ estimates in several cases.
Barron’s recently spoke with longtime retail analyst Dana Telsey, who is chief executive officer and chief research officer of Telsey Advisory Group, to get her thoughts on the latest trends. Here is a condensed, edited version of the conversation.
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