Mark Hamrick on US retail industry and its future outlook

Global Business

Mark Hamrick on US retail industry and its future outlook1

The U.S. retail landscape is a study in contradictions.

On one hand you have the traditional department stores like Macy’s, Target and Nordstrom. That segment seems to be in steep decline.

Just this past week, concerns over their profit outlook have rung investor alarm bells in Wall Street.

Macy’s stock has taken it on the chin in recent days after it said first quarter sales fell nearly seven percent. But other types of retailers are going strong, namely Amazon.

For more on the U.S. retail industry and its future outlook, CCTV America’s Michelle Makori spoke to Mark Hamrick, senior economic analyst & D.C. bureau chief for Bankrate.