Mostly Trapping

Markdown madness in retail?
Dec 11, 2019 09:33 ET

(Reprinted from above link)

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).