real-time news and commentary for investors
Tuesday, Aug 6
Mall stocks open with a thud
- Specialty retailers commonly found at the mall are getting hit hard by a profit warning from American Eagle Outfitters (AEO -15.3%).
- The overall tone is that U.S. consumers will tighten spending in H2.
- Decliners: BKE -2%, ANF -5.4%, WTSL -1.8%, ZUMZ -1.7%, GPS -1.9%, URBN -2.6%, GES -2.5%, PSUN -4.4%, EXPR -2.5%, ARO -6.3%.