Apparel stocks shiver again

|By:, SA News Editor

Apparel stocks are getting roughed up a bit after Express is the latest retailer to come in with a profit warning for Q1.

The winter storms and holiday promotions that plagued December and January sales totals set the tone for the sector early in the quarter, but concerns are deepening that the promotional atmosphere will be tough to shake off as traffic trends stay weak into March.

Notable decliners: Lululemon (LULU) -3.7%, Aeropostale (ARO) -2.3%, American Eagle Outfitters (AEO) -2.9%, Gap (GPS) -1.9%.