Retail’s Gravity

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Retail continues to perform nicely for the one bear left on this entire planet. Chico’s, for instance – – purveyor of threads to women of a certain age – – is the gift that keeps on giving.

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And, in more of a macro play, the sole bear left on earth is also short DDR, which is in the not-so-certain business of commercial real estate for shopping malls. Bombs away, baby.

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