Apparel retailers sink as concerns mount

|By:, SA News Editor

A negative report from Express (EXPR -20.7%) on Thanksgiving week sales isn't going unnoticed by apparel peers.

The comments from execs with Express mirror some of the concerns of retail analysts on promotional activity in the sector and sluggish foot traffic. Earlier: Nomura warns on inventory challenges.

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Decliners: Francesca's (FRAN) -2.3%, Gap (GPS) -1.6%, Destination XL (DXLG) -1.4%, Pacific Sunwear (PSUN) -3.2%, Buckle (BKE) -1.1%, American Eagle Outfitters (AEO) -2.5%, Aeropostale (ARO) -3.1%, American Apparel (APP) -1.7%, Abercrombie & Fitch (ANF) -1.9%.