Some retailers are buying back stocks – and that could be why their earnings are looking strong

CNBC

Here’s the good news: The consumer is strong, and retail balance sheets have dramatically improved.

Joe Feldman, senior managing director at Telsey Advisory Group, notes that retailers are giving shareholders what they want. “The investment community likes to see buybacks because it makes their shares more valuable,” he told me. “It makes trends better than they otherwise would be.”

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