Yahoo Finance Video
Chain stores Bed Bath & Beyond (BBBYQ) and Party City (PRTYQ) have been the latest casualties in the retail landscape to file for bankruptcy or undergo consolidation. Ahead of retail earnings this week, which retailers managed a stock turnaround and which retailers are in the most need of a turnaround? "It's those retailers that are careful with their money in the years leading up to whatever downturn are the ones that have a better chance of turning things around," Pulse Ratings CEO Dennis Cantalupo tells Yahoo Finance Live. "Ones who are not engaging in aggressive share repurchases, the ones who put their money in the bank and reinvest it back into the business, those retailers that go through leveraged buyout... who over-expand are going to have a harder time with a turnaround." Cantalupo details the positive trajectory for Academy Sports (ASO) carrying over from pandemic spending trends, while highlighting how brands like Big Lots (BIG) and Michaels are in the most need for a turnaround. Click here to see more from the Yahoo Finance series "Retail Evolution: The New Era."
