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Apparel stocks slumping after latest Gap misfire

Apr. 08, 2016 10:17 AM ETLululemon Athletica Inc. (LULU) StockANF, TPR, BBWI, JWN, CHS, KATE, URBN, DECK, TLRD, GES, ZUMZ, COLM, HBI, CRI, LULU, EXPR, ASNA, CPRIBy: Clark Schultz, SA News Editor
  • Apparel stocks are getting hammered after Gap's latest monthly sales dud creates a new ripple of worry.
  • There's a little bit of a failed feedback loop going on in the sector as teenagers/young adults skip mall visits to spend on other categories while sellers try to innovate their way out of the box. That innovation is leading to excess inventory which in turn leads to more painful discounting
  • Decliners include Lululemon (LULU -1.7%), Kate Spade (KATE -1.4%), Deckers Outdoor (DECK -2.5%), Coach (COH -1.6%), Michael Kors (KORS -2.1%), Columbia Sportswear (COLM -1.8%), Carter's (CRI -1.8%), Hanesbrands (HBI -1.3%), Ascena Retail (ASNA -3.9%), Nordstrom (JWN -3.4%), Chico's FAS (CHS -4.2%), Abercrombie & Fitch (ANF -4%), Urban Outfitters (URBN -2.6%), L Brands (LB -3%), Express (EXPR -2.4%), Guess (GES -2.9%), Tailored Brands (TLRD -1.9%) and Zumiez (ZUMZ -2.8%).
  • Now read Sell Your Apparel Stocks 

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