Clothing-store stocks take investors to the cleaners, with every one down in the past month
Every clothing store stock is down over the past month, led by a 73.2% decline at J.Jill Inc., notes retail expert Mitch Nolen.
Among the challenges J.Jill highlighted was weather, with a cold, wet start to spring hurting a number of companies in the sector.Every. Single. Clothing store's stock fell last month, nearly all by double-digit percentages. The worst performers include J. Jill, down 73% in just one month, and Francesca's, down 92% from a year ago. $jill $fran $gps $lb pic.twitter.com/2TIyMhXjfp
“In our view, this selective pruning of the fleet is a necessary measure which, over the medium term, will help improve profitability and allow Abercrombie & Fitch to focus its investments on stores and channels which truly deliver,” wrote Neil Saunders, managing director at GlobalData Retail.And Ascena Retail Group Inc. ASNA, -7.03% , down 19.2% for the past month, announced that it would shutter all 650 Dressbarn locations. Other brands in the Ascena portfolio Ann Taylor and Loft.
“With 1Q earnings season now winding down, it’s increasingly evident that 2019 has gotten off to a challenging start for retailers – as evidenced by the fact that the average stock in the group is now -18% since the first of our companies reported 1Q results, and only two companies we cover are up during the time frame: Adidas AG at +12% and Under Armour Inc. at +4%,” wrote Wells Fargo in a Monday note.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Joe Biden is the front-runner by every measure — except big crowdsThe former veep is leading the Democratic field in all the important categories except one.
Weiterlesen »
Joe Biden is the front-runner by every measure — except enthusiasmThe former veep is leading the Democratic field in all the important categories except one.
Weiterlesen »
10 Small Business Apps, Services And Tech Platforms Every Entrepreneur Should Know AboutThere are a few apps, services and technologies – about ten categories in all – that are critical for small businesses in 2019. Here they are.
Weiterlesen »
Shell pledges to reveal the taxes it pays in every countryOil and gas giant Royal Dutch Shell PLC will disclose how much tax it pays in ev...
Weiterlesen »
Steve King warns against presuming 'every culture is equal'GOP Rep. Steve King of Iowa, seeking to bat away allegations of racism by an angry constituent, warned against presuming that different cultures are equal. In his comment at a town hall meeting, King argued that doing so would devalue the Founding Fathers
Weiterlesen »
Dennis Quaid’s dog Peaches is by his side every step of promoting ‘A Dog’s Journey’Dennis Quaid's dog Peaches has been by his side every step of promoting 'A Dog's Journey,' now playing. 'She goes on a plane and she’s a designated comfort dog for my 'high anxiety.' I’m telling you, I actually do have anxiety if she’s not there.'
Weiterlesen »
33 Tech And Gadget Father's Day Gifts For Every Kind Of DadBecause after a lifetime of watching The Little Mermaid together, your dad deserves gadgets and gizmos aplenty.
Weiterlesen »
Every Major 'Game Of Thrones' Death, Ranked From 'Yaaass' To 'Noooooo'Every Major 'Game Of Thrones' Death, Ranked From Oh-So-Satisfying To Utterly Devastating
Weiterlesen »
Every Major 'Game Of Thrones' Death, Ranked From Oh-So-Satisfying To Utterly DevastatingEvery Major “Game Of Thrones” Death, Ranked From “Yaaass” To “Noooooo”
Weiterlesen »