- Is something bigger going on than just mall retailers disappointing with their holiday sales reports and profit outlook? After a wave of underwhelming retail reports this morning, several analysts think that either consumers are pulling back on spending or that managment is factoring in trade/China uncertainty to full-year profit guidance updates. Either way, share of retailers (including online players) are swooning.
- Decliners include L Brands (LB -8%), Nordstrom (JWN -6.6%), Overstock.com (OSTK -8.6%), American Eagle Outfitters (AEO -4.7%), Ascena Retail (ASNA -6.8%), J.C. Penney (JCP -8.2%), Express (EXPR -9.3%), Boot Barn (BOOT -4.9%), Tilly's (TLYS -4.7%), Genesco (GCO -6.2%), The Children's Place (PLCE -3.9%), Tailored Brands (TLRD -4.6%), Abercrombie & Fitch (ANF -10.2%), Urban Outfitters (URBN -4.6%), Francesca's (FRAN -6.8%), Buckle (BKE -6.3%), Gap (GPS -4.5%), RH (RH -3.6%), Fossil (FOSL -11.9%), Etsy (ETSY -4.5%), Dillard's (DDS -7%), Dick's Sporting Goods (DKS -3.8%), Wayfair (W -4.1%), Lululemon (LULU -3.9%), Stitch Fix (SFIX -2.4%), Amazon (AMZN -2%) and Capri (CPRI -4.5%).
- Previously: Retail sector bruising after disappointing guidance updates (Jan. 10)
- Now read: Why We Doubled Our Position In Amazon
Original article