Retail Focus 2/15/19 – Clarity on Sears Deal, JCPenney Pivots Away from Appliances

A few weeks after an initial deal, we get clarity on Eddie Lampert’s deal to save Sears—at least for now. We discuss Under Armour’s latest earnings call, which largely beat analyst expectations but left something to be desired in U.S. sales figures. From there, we discuss JCPenney’s big move, an abrupt about-face for Amazon’s HQ2 in New York, and a potential slew of store closings from Payless that may have a ripple effect on retail real estate.