Times Are Tough for Retailers
The retail world is becoming increasingly difficult for companies. Staples has announced layoffs and plans to close underperforming stores. Office Depot, who merged with OfficeMax less than a year ago, has been on the edge of penny stock status as it closes more stores and reports losses.
Mutual Fund Investors Beware
As some retail companies fight to stay alive, mutual fund investors that are exposed to these holdings should remain cautious.
For a conservative investor, finding mutual funds that hold companies with a solid outlook may be the way to go.
The Bottom Line
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