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7 Retail Stocks That Need to Be Rescued

Courtesy pxhere via Creative Commons 2.0

Nordstrom (JWN) has a respected name in retailing, but it can be tough to start a much-needed turnaround when impatient shareholders meddle in such an effort. However, for a brief moment, it looked like the beleaguered retail stock might catch a break and be taken private.

No such luck. Seattle-based Nordstrom found it nearly impossible to secure the financing it needed to get such a deal done, and announced Oct. 16 it was shelving an attempt to go private, underscoring its own problems as well as the entire industry's. David Tawil, president of Maglan Capital, opined, "The Nordstrom family was better positioned than anyone to go private, and if they are finding difficulty getting this deal done, then other retailers will have difficulty in their future refinancing."

The increasingly adverse impact of Amazon.com (AMZN) is plain as day. Credit Suisse estimates 8,640 stores could close this year, topping the 6,200 store shutterings in 2008 when the economy was in the throes of a recession. That figure would be roughly four times the 2,139 closures in 2016 – not exactly a stellar year for the industry, either.

If there's any good news, it's that 2017's spat of retail shutdowns is scraping away a lot of selling square footage that we didn't really need. The bad news is, the business isn't going to get any easier going forward, as Amazon.com along with other brick-and-mortar players are getting better at e-commerce.

Here's a closer look at seven retail stocks that need to be acquired if they want to thrive again, or even just survive.

SEE ALSO: Quiz: Test Your Bear Market IQ

Data is as of Oct. 19, 2017. Click on ticker-symbol links in each slide for current share prices and more.

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