- Apparel store stocks are weaker on more reports of higher wage levels and a string of earnings duds in the sector.
- Men's Wearhouse (MW) is the headliner with a 44% slide after reporting weak sales, although 22 out of 24 apparel store stocks with a market cap of over $300M are bleeding today.
- Margins are a big concern in the sector as sales deleverage plays in and a higher mix of e-commerce chips away.
- Other notable declines include Stein Mart (SMRT -5.4%), Ascena Retail (ASNA -5.5%), The Children's Place (PLCE -4.8%), Shoe Carnival (SCVL -2.2%), Buckle (BKE -2.1%), Francesca's (FRAN -1.9%).