Stock news for investors: Retail stocks tumble despite strong earnings
· moneysense.ca
Reitmans narrowed its quarterly loss and Empire raised its dividend, but investors sent Groupe Dynamite and Gildan shares sharply lower after earnings and growth concerns.
The Montreal-based retailer says its net revenue reached $160.1 million during the period ended May 2, rising year-over-year from $158.9 million. The company sa...