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LB - Retailers To Avoid Or Sell: L Brands And Nordstrom
L Brands Inc.
L Brands (LB) and Nordstrom (JWN) are the worst-performing blue-chip retailers in my computer momentum screens at the end of April. Both have operations heavily hit by government-mandated quarantine shutdowns at your local mall location, from the coronavirus pandemic. While each has some online sales presence, most customers like to browse the stores, smelling the fragrances at Bath & Body Works, and trying on clothing for the right fit and fashion at Victoria’s Secret or Nordstrom.
You can see a big performance difference in the last three months between