With the help of Kensho, an analytic tool, CNBC’s John Melloy looked at the “best trading performers” on Black Friday. The tool measured the result going all the way back to 1980. Coach outperformed 85% of the time. Lowes and Home Depot both did well 75% of all Black Fridays.
Home Depot was the target of a major security breach which will cost the company a large amount of money, but the stock rallied recently along with other home-oriented retailers. Recently, Synchrony made an agreement with Lowes to continue to allow it to offer consumer and commercial financing through the Lowes credit card, as reported by Seekingalpha.
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Perhaps Coach can buck its recent negative trend on Black Friday. The company has reported sluggish same store sales in North America, and management said it is to do increasing competitive pressure on the company.
