JILL - Mall stocks power higher after Macy's sets a positive tone

Express ([[EXPR]] +4.4%) and Chico's FAS ([[CHS]] +6.5%) are leading the mall sector after Macy's ([[M]] +0.3%) reported earnings earlier today. Notably, Macy's reported a surprise profit and boosted its full-year guidance. Other mall chain gainers include J Jill ([[JILL]] +3.2%), G-III Apparel Group ([[GIII]] +1.2%) and Children's Place ([[PLCE]] +3.1%) off the general good vibe from the department store operator. On that note, Macy's CEO Jeff Ganette pointed directly to the burst of vaccinations in Q1 as supportive of store traffic. Macy's has pulled back from its earlier pop as investors factor in what was a pretty brisk pre-earnings rally (+70% YTD). See a breakdown on Macy's Q1 earnings report.

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Mall stocks power higher after Macy's sets a positive tone