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Walmart and Target Showcase Retail's ‘Renaissance'
- Strong consumer environment driving stores to up their games
- The ‘retail sector is enjoying a renaissance,’ analyst says
Photographer: Christopher Dilts/Bloomberg
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Stellar results from bellwethers Walmart Inc. and Target Corp. have industry analysts asking: Is retail back?
In truth, retail never went away. Sure, troubled chains like Sears Holdings Corp. and J.C. Penney Co. are cratering, and icons like Toys “R” Us have disappeared. Sure, Amazon.com Inc. is now grabbing about 50 cents of every dollar spent online, leaving traditional retailers to fight over the rest. And of course, President Donald Trump’s looming China tariffs could upend finely-tuned global supply chains and clobber profits.