Market Currents
Retailers (XRT -1.5%) are the weakest sector in early trading after many companies cut guidance...
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Thursday, January 5, 2012, 10:20 AM ETRetailers (XRT -1.5%) are the weakest sector in early trading after many companies cut guidance following disappointing holiday sales figures, as the highly promotional environment weighs on margins. JCP -6.5%, TGT -3.7% and PLCE -10% are among stores cutting their Q4 outlooks (I, II, III). Also lower: COST -1.8%, GPS -5.7%. But ROST +2.7% after raising guidance.
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