NEW YORK (
TheStreet) -- While many investors have made bullish bets that the retail sector will continue to outperform, the recent sales data would suggest somewhat of a disappointment.
TheStreet's Brittany Umar and Laurie Kulikowski take a look at the results.
Kulikowski said that retail sales figures have been mixed so far for July. While not every company has reported, investors were disappointed by
(COST - Get Report), but surprised by
She added that
(GPS - Get Report), which reports after the close on Friday, would be a strong tell for retail.
Many companies no longer report monthly retail sales figures. Names like
(M - Get Report),
(WMT - Get Report) and
(KSS - Get Report) have all shifted to quarterly reporting.
However, according to Kulikowski, the big story isn't just retail, but more specifically, teen retail. After
American Eagle Outfitters
(AEO - Get Report)
slashed its profit outlook,
followed up with disappointing sales figure.
have also said they're feeling the pressure as well. All of this has certainly dampened the back-to-school hype on Wall Street, Kulikowski concluded, as she now expects it to be disappointing.
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