- The hits keep coming for the specialty retail sector with L Brands, Gap, and Macy's all reporting troubling sales trends this week which point to a detached U.S. consumer.
- Investors aren't ignoring the broad theme. Decliners today include FTD Companies (FTD -1.6%), Finish Line (FINL -3.5%), Five Below (FIVE -3.3%), Michaels Companies (MIK -1.9%), Zumiez (ZUMZ -4.4%), Urban Outfitters (URBN -5.2%), Ascena Retail Group (ASNA -7.3%), The Children's Place (PLCE -3.8%), and DSW (DSW -3.3%). Most of those losses follow on declines from earlier in the week.
- Related: The new millennials ETF takes a pass on apparel store stocks (May 10)