Notable decliners include Oxford Industries (OXM -3.5%), Under Armour (UAA -3.5%), Canada Goose (GOOS -3.2%), PVH (PVH -3.1%), Hanesbrands (HBI -3.1%), Macy's (M -3.7%), Dillard's (DDS -3.2%), Levi Strauss (LEVI -2.6%) and Capri Holdings (CPRI -3.2%), RTW Retailwinds (RTW -6.5%), Abercrombie & Fitch (ANF -5.3%), Fossil (FOSL -5.5%), Express (EXPR -5.5%), Urban Outfitters (URBN -3.8%), Gap (GPS -4.5%), Duluth Holdings (DLTH -4%) and Designer Brands (DBI -2.3%).
L Brands (LB +0.7%) is showing a gain on the day, but that's mainly because expectations were for a sharper than 3% drop in holiday sales.
Also, the selling pressure isn't extending to retail heavyweights Target (TGT -0.2%) and Walmart (WMT +0.5%), which some analysts say are increasing market share at the expense of malls. It's also hard to make the case that the U.S. consumer is pulling back if Costco's (COST +1.3%) sizzling sales report for December is any indicator.
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