This has been a rough year for many retail stocks.
First, 2014 got off on the wrong foot as cold wintry weather held back consumer spending. But while the spring thaw seemed to lift numbers, investors were socked with an ugly April retail sales eked out an anemic 0.1% growth rate, grossly missing expectations.
We also saw a number of high-profile earnings misses from retailers — including the world’s biggest retailer Walmart (WMT), which saw its first-quarter net income fall in its recent earnings report and forecast Q2 profit will come in below Wall Street expectations.
But if you’re ready to give up on retail stocks, don’t quit just yet. There may be some bargain buys in the discount rack, if you know where to look.
Here are three underpriced retail stocks worth checking out even amid trouble in the rest of the sector: