FYI: Even though Macy's (M) is trading down this morning, the company just pre-announced higher-than expected 2015 earnings after the close yesterday. Interestingly, our monthly Consumer Pulse survey has identified big strength in Macy's over the last few months at least in terms of foot traffic. Each month, we survey a statistically significant sampling of US consumers on various economic and market trends, and one of the questions we ask participants is whether they have visited a number of different department stores over the past month. We ask this question to track the trends in publicly traded department stores.
Regards,
Ted
http://www.bespokeinvest.com/thinkbig/2015/2/4/macys-shines-in-january-store-visits.html?printerFriendly=true
