Time for you to sell 2 of these retailers

Article Excerpt

The COVID-19 outbreak has forced these retailers to shut their stores and furlough employees. As a result, they are now relying on their much smaller online operations to cover rent payments and other obligations. Even when they do re-open, it’s likely that sales will remain depressed for some time. Of these three retailers, we feel Nordstrom is in the best position to survive the pandemic and go on to deliver investor value. With that outlook in mind, we feel now is the time for you to sell Macy’s and L Brands shares. MACY’S INC. $4.82 is now a sell for our subscribers. The retailer (New York symbol M, Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 309.6 million; Market cap: $1.5 billion; Price-to-sales ratio: 0.1; Dividend suspended in March 2020; TSINetwork Rating: Extra Risk; www.macysinc.com) temporarily closed all of its 775 department stores in March in response to the pandemic. As a result, Macy’s only source of revenue is its e-commerce division, which accounted for 25%…