13D Research: The U.S. retail apocalypse is worse than advertised

13D Research has been highlighting the struggles in the brick & mortar retail sector. The US has too many stores, ecommerce continues to gain share, millennials have different shopping preferences, and many brands appear to be losing their importance.

13D Research: The U.S. retail apocalypse is worse than advertised.

"Our three key short-sale recommendations in this sector — Macy’s (M, $23.01), CBL & Associates Properties (CBL, $7.46) and the SPDR S&P Retail ETF (XRT, $40.88) — have broken down in relative-strength terms over the past month, and given the trends outlined above, are likely to continue underperforming for some time."