TLYS - Gap and Urban Outfitters lead big declines in mall sector
The mall sector is down sharply amid investor concerns that the retail recovery could arrive in fits and starts. Some analysts are also pointing to debit and credit cards trends that show e-commerce spending may not snap back to brick-and-mortar spending to the degree anticipated. Decliners include Chico's FAS ([[CHS]] -10.4%), Express ([[EXPR]] -9.9%), Gap ([[GPS]] -7.6%), Citi Trends ([[CTRN]] -7.1%), Guess ([[GES]] -7.2%), Abercrombie & Fitch ([[ANF]] -7.0%), Urban Outfitters ([[URBN]] -6.4%) and Tilly's ([[TLYS]] -6.2%) are some of the leading decliners on the day. See Seeking Alpha Quant Ratings across the consumer discretinary sector.
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Gap and Urban Outfitters lead big declines in mall sector