This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Polar Vortex is the Latest Bad News for 4Q Retail

On top of the more than two-dozen retailers that disclosed disappointing holiday sales guiding earnings expectations lower, retailers from Express (EXPR) to Lululemon Athletica (LULU) to Signet Jewelers (SIG) have already warned of disappointing January sales.

The latest tragedy among the retail fold was Wednesday's earnings release from Coach (COH - Get Report). Coach reported lower-than-expected earnings and sales for the fourth quarter, citing disappointing holiday sales in the U.S. for the miss.

Weather hasn't helped the retailers either.

While Mother Nature was busy with several winter storms affecting the Midwest and East Coast in December, the "suboptimal weather has carried over into January, first with the Polar Vortex keeping most people huddled up inside followed by several more winter storms including this week's latest installment to hit the Washington to Boston corridor," Perkins wrote. "Temperatures have plummeted and consumers are likely to remain indoors and cold weather is expected to persist through the end of the month."

As if business wasn't tough enough, the security breaches at Target (TGT) and Neiman Marcus adds further fuel to the fire keeping customers at bay, according to Perkins.

The news gets worse. Already, Macy's (M), J.C. Penney (JCP), Sears (SHLD) have announced store closings.

Industry horn blowers like TheStreet's Rocco Pendola and Brian Sozzi are right to sound caution -- 2014 is just the beginning of the end for retail as we know it, because the retail roller coaster ride is just beginning.

--Written by Laurie Kulikowski in New York.

Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.
2 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
COH $42.65 0.00%
AAPL $130.28 0.00%
FB $81.53 0.00%
GOOG $565.06 0.00%
TSLA $218.42 0.00%

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs