Who is the Fairest Specialty Retailer of All?
Over the next several weeks, specialty retailers will begin reporting their quarterly earnings. While overall consumer spending has been damp, there still should be some bright spots in the quarter.
Urban Outfitters(URBN Quote), while facing tough comparisons this year, is still managing to remain resilient. Abercrombie & Fitch(ANF Quote), which posted a whopping 32% plunge in June same-store sales, is working to improve merchandise and remain competitive in pricing. Rival American Eagle Outfitters(AEO Quote), while also struggling, reaffirmed its second-quarter earnings between 12 cents and 15 cents per share when it released June sales earlier in the month. Bebe(BEBE Quote) has already announced that its fourth-quarter same-store sales tumbled 29.2% and that its quarterly earnings will be at or below the low end of its previous forecast range of 2 cents to 10 cents a share.- Loading Comments...
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