Retail’s Gravity

Retail continues to perform nicely for the one bear left on this entire planet.

Retail continues to perform nicely for the one bear left on this entire planet. Chico’s, for instance – – purveyor of threads to women of a certain age – – is the gift that keeps on giving.

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And, in more of a macro play, the sole bear left on earth is also short DDR, which is in the not-so-certain business of commercial real estate for shopping malls. Bombs away, baby. 

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