Gavekal Capital: Weak North American Retailers & Retail Sales

Tuesday, October 29, 2013

Weak North American Retailers & Retail Sales

Retail sales were reported in the US today +3.23% over the last year, the weakest year over year reading since the recovery began. Weakening retail performance is weighing on several US retail giants like Target, Nordtsrom and Family Dollar (charts below).

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Gavekal Capital is a US registered investment advisory firm that manages the Gavekal Knowledge Leaders Strategy. Knowledge Leaders are a group of the world’s leading innovators with deep reservoirs of intangible capital. These companies often possess competitive advantages such as strong brand, proprietary knowledge or a unique distribution mechanism. Knowledge Leaders are largely service-based and advanced manufacturing businesses, often operating globally. Gavekal Capital seeks to identify the world’s leading knowledge companies through a proprietary process that analyzes corporate knowledge investments.
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