Retail Stocks: Ready for a Purge?

Guggenheim's John Heinbockel and team argue that a "purging of space is necessary" in retail, and recommend hiding in "industry leaders who can profitably gain share and are not especially expensive," like Michaels ( MIK ), Tractor Supply ( TSCO ), Restoration Hardware ( RH ), Kroger ( KR ), and US Foods Holding ( USFD ). They explain: