Target to Buy Belk.... NOT Macys.. This is why......Belk is in discussion with GS about selling there southern retail business. They of course want to sell at the HIGH... M is moving as one of the possible buyers. This in fact could be devastating to M if they buy.
The South will take the biggest hit in retail in the next 6 months due to OIL and loss of jobs etc.. This Company wants out do to the future that could crumble much sooner than expected. GS is trying to put out there that M is the buyer or JWN.. NOT SO..If anyone it will be TARGET or other smaller non-expense high end retailer.... IF M buys this over priced seller you could see $30 & change by year end.. could lose 1/2 of its value.