News Snapshot:
A busy first week of 2023 for the retail industry has led to big swings in the sector's stocks and wide divergence among some seemingly similar exchange traded funds. The industry has seen some major individual stock moves in the opening days of the year, with Bed Bath & Beyond warning of potential bankruptcy and Macy's scaling back its financial guidance . The maker of yoga pants and athleisure wear Lululemon also said it expected gross margins to shrink in the fourth quarter, a sign that high-end retailers could also be in for a choppy year. At the same time,...
