- Major retailers TJX Companies, Urban Outfitters, Home Depot, and Dick's Sporting Goods are all in with quarterly reports that missed expectations.
- Retail analysts note the sector is having a tough time shrugging off the slow traffic patterns and heightened promotional stance that afflicted store chains during the winter. Underneath one-time factors such as F/X and weather, there are still signs of a cautious and thrifty consumer.
- More companies have lowered Q2 and full-year guidance than raised over the last two weeks.
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