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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