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Promotional activity taking a toll on teenager-focused retailers

  • There's no sugar coating the awful string of sales reports turned in recently by teenager-focused retailers with today's release from Abercrombie & Fitch (ANF -19.5%) one of the worst of the lot.
  • Even retail bulls like Wells Fargo's Paul Lejuez are getting turned around by the high level of promotional activity in the sector. "Nobody is immune," notes the analyst.
  • Decliners: LTD -3.2%, CACH -1.1%, GPS -1.3%, BKE -1.4%, AEO -1.3%, TLYS -2%.
Comments (1)
  • Philip Marlowe
    , contributor
    Comments (922) | Send Message
     
    There is one company that is immune. They have no promotions to speak of but keep getting increasing sales. I won't mention which company it is because I have not bought them yet.
    22 Aug 2013, 11:32 AM Reply Like
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