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Some retailers see benefit from cost cutting -Barron's
NEW YORK |
NEW YORK Nov 15 (Reuters) - Some retailers could report a surprising uptick in profits over the holiday season after cutting costs and trimming inventories to better benefit from the holiday sales boost, Barron's said on Sunday.
Shares of Best Buy Co (BBY.N), Chico's FAS Inc (CHS.N), Coach (COH.N), Dollar Tree Inc (DLTR.O) and Gap Inc(GPS.N) are undervalued and could all rally on improving results, the newspaper said.
These five companies have carefully managed inventories and some are introducing new products for the holiday season, Barron's said.
In addition, shares of these companies have underperformed peers and now look cheap, according to the newspaper.
Holiday sales fell 3.4 percent last year amid a deepening global recession, but some investors see sales rising this year, according to Barron's. (Reporting by Elinor Comlay; Editing by Jan Paschal)
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