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3 Dead Retail Stocks Walking

SHLD, RSH, and BKS are staring at life support

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News flash: Retail spending is up despite stock market uncertainty, the payroll tax hike initiated at the beginning of the year and general concern over the slow economic recovery.

Indeed, earnings reports out from a wide range of retail stocks, including Best Buy (BBY), Urban Outfitters (URBN), and Home Depot (HD) suggest a decent surge in spending out there.

Morevover, InvestorPlace retail guru Alyssa Oursler forecasts what I would term “cautious optimism” about the outlook in the sector for the remainder of the year.

But its not all rosy; Aeropostale (ARO) had some nasty earnings numbers that translated into a solid 22% spanking of its share price over the last month, while Macy’s (M) and even WalMart (WMT) found the going a bit rough over the last quarter.

And there’s another category of retailer that’s in even worse shape – what I like to call “dead retailers walking.”

These guys are in a world of hurt well above and beyond the usual challenges facing the retail sector. They are, in fact, on life support and in critical condition.

Here are three retail stocks fighting for survival against the odds:

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