Seeking Alpha

Mall-based retailers on watch

  • A guidance cut from Wet Seal (WTSL) could be repeated across the retail sector as weak mall traffic and heightened promotional activity take a wrecking ball to sales targets.
  • After plenty of gloomy forecasts from retail analysts on Q4 store traffic and  sales, the warning from Wet Seal seems to confirm the trend is downward.
  • WTSL -8.9% premarket.
  • On watch: BKE, ANF, ZUMZ, GPS, URBN, GES, PSUN, EXPR, ARO, PLCE, TLYS, CHS.
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