Sluggish Retail Sector Proves Fertile Ground For Activists
By Karlee Weinmann (December 13, 2013, 5:47 PM EST) -- Tightened consumer spending and shaky prospects have led a stream of activist investors to a lagging retail marketplace, and experts say companies across the sector should expect to stay on the defensive until the economy shows promise for lasting relief.
Part of the redoubled focus on retail can be attributed to more activists on the prowl, but the sector stands apart for other reasons. Five years removed from the worst of the financial crisis, retailers continue to battle against its lingering effects — including low consumer confidence and tighter spending — that continue to cut into bottom lines.
Retailers large and...
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