The Street – Economic pessimism is hurting retail stocks as they head into the critical back-to-school shopping season.
Most investors are wary of these stocks, but some money managers are scooping up shares. John Paulson of Paulson & Co. and David Tepper of Appaloosa Management, who both earned windfalls on financial investments in 2009, added retail bets during the second quarter, according to Securities and Exchange Commission filings.
