Promotional activity taking a toll on teenager-focused retailers

|By:, SA News Editor

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%.