Despite trading trends, local retailers take the long view

By

Opinion

December 2, 2019 - 9:50 AM

Wall Street traders betting against brick-and mortar retailers this holiday season are today’s Grinches.

Instead of hoping for the best, they’re wagering sales will slump.

It’s a practice known as short selling, where traders sell borrowed stocks on companies they predict will fare poorly in the hopes they can buy the shares back at a lower price, collecting the difference as profit.

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