Specialty apparel retailers push the promotions lever

The latest read on retail sales for October showed a decent 3.2% Y/Y gain, but it's how the industry got there that could be a concern.

Rebook says promotional activity picked up as apparel retailers looked to clear inventory ahead of the holiday season.

Specialty retailers (EXPR, RUE, ZUMZ, PSUN, ARO, AEO, ANF, CACH, BODY, CHS, CWTR, NWY, BEBE, ANN, CBK) in particular have been increasing markdowns and discounting activity in Q4 as they clear space for winter lines.

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