BOOT - Mall retail in an earnings slump just ahead of big shopping weekend
Abercrombie & Fitch (ANF -14.4%) and Urban Outfitters (URBN -11.3%) are the leading decliners in the mall sector after posting disappointing earnings reports. While sales are strong in the sector, investors are focusing more on the margin line and the forecasts for higher costs during the holiday quarter. Decliners in early trading also include Victoria's Secret (VSCO -3.6%), Zumiez (ZUMZ -2.3%), Chico's FAS (CHS -2.8%), Gap (GPS -2.1%), Destination XL Group (DXLG -1.6%) and Boot Barn (BOOT -0.8%). The mall sector is on watch later this week with anecdotal reports on Black Friday shopping trends anticipated. Read more on ANF's earnings report and the URBN numbers.
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Mall retail in an earnings slump just ahead of big shopping weekend