Markdown madness in retail?

Dec. 11, 2019 8:50 AM ETNKE, UAA, PVH, GIII, CRI, OXM, GOOS, RL, CPRI, CAL, SHOO, FOSL, VRA, FL, SKX, DBI, DECK, ASNA, ANF, GPS, AEO, PLCE, URBN, EXPR, FRAN, JWN, BBWI, GES, LULUBy: Clark Schultz, SA News Editor63 Comments
  • The latest consumer price report from the Bureau of Labor Statistics revealed weakness in apparel prices for the month that included Black Friday and Cyber Monday.
  • Men's apparel prices fell 0.9% in November from a year ago and women's apparel was off 3.6%. Boys' apparel prices were down 3.9% and girls' apparel prices dropped 2.2%.
  • Also today, American Eagle Outfitters warned dramatically of higher markdown activity with its earnings report and guidance update. A similar theme on markdowns was heard on conference calls this quarter from Ascena Retail, Urban Outfitters, Francesca's and Designer Brands.
  • Select apparel stocks: Nike (NYSE:NKE), Under Armour (NYSE:UAA), PVH (NYSE:PVH), G-III Apparel (NASDAQ:GIII), Carter's (NYSE:CRI), Oxford Industries (NYSE:OXM), Carter's (CRI), Canada Goose (NYSE:GOOS), Ralph Lauren (NYSE:RL), Capri Holdings (NYSE:CPRI), Caleres (NYSE:CAL), Steven Madden (NASDAQ:SHOO), Fossil (NASDAQ:FOSL), Vera Bradley (NASDAQ:VRA), Foot Locker (NYSE:FL), Skechers (NYSE:SKX), Designer Brands (NYSE:DBI), Deckers Outdoor (NYSE:DECK), Ascena Retail (NASDAQ:ASNA), Abercrombie & Fitch (NYSE:ANF), Gap (NYSE:GPS), American Eagle Outfitters (NYSE:AEO), Children's Place (NASDAQ:PLCE), Urban Outfitters (NASDAQ:URBN), Express (NYSE:EXPR), Francesca's (NASDAQ:FRAN), Nordstrom (NYSE:JWN), L Brands (NYSE:LB), Guess (NYSE:GES) and Lululemon (NASDAQ:LULU).
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