Seeking Alpha

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%.
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