Consumer Biz Replay: Skywest’s GOOD DAY, Discount Stores’ Discouraging TREND
Shares of SkyWest, Inc. (NASDAQ:SKYW) gained substantially on the day, following the news that the carrier announces a 6.5 million stock buyback plan. It also did not hurt the situation when Raymond James upgraded the stock to Strong Buy from Outperform.
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A continuing trend to monitor might well be sales of discount stores, which fell in August, with the sub-sector exhibiting negative year-over-year growth as it slowed even more since the beginning of 2012, according to data from RetailGeeks. Shares of Dollar General Corporation (NYSE:DG), Dollar Tree, Inc. (NASDAQ:DLTR), Family Dollar Stores Inc. (NYSE:FDO),and Five Below (FIVE) could be impacted by the threats of an over-saturated market, along with increased mobile shopping.
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