Retail stocks are rallying across the sector in early Tuesday trading after Macy’s Inc. and Dillard’s Inc. reported earnings that beat expectations. Macy’s and Dillard’s are leading the charge, up nearly 12% and more than 15% respectively. J.C. Penney Co. Inc. is getting a boost as well, up 11.3%. Kohl’s Corp. is up 2.5%, and American Eagle Outfitters Inc. is up 2.7%. Nordstrom Inc. shares have also risen, up nearly 2%. The SPDR S&P Retail ETF is up 12.1% for the last three months, outpacing the S&P 500 index is up 7% for the period.
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