|Day Low/High||61.23 / 61.89|
|52 Wk Low/High||60.00 / 97.35|
This chart shows some stunning stats on struggling Macy's.
The stocks are moving in opposite directions after each company updated its guidance.
The Limited shuttered all of its 250 women's apparel stores in the U.S., making it one step closer to filing for bankruptcy.
Here are two more retailers with nothing good to say about the holidays.
Doug Kass shares his thoughts on the deepening of retail stocks' weakness and the Amazon Effect.
Gap reported an uptick in same-store sales in December at its namesake and Old Navy brands.
J.C. Penney (JCP) said its holiday results were impacted by continued weakness in women's apparel, but saw strength in other categories such as appliances, outerwear and boots.
Macy's is Estee Lauder's biggest customer.
Jim Cramer says this rally relies on a speedy end to regulation, fast repatriation of foreign money and corporate tax reform.
Gap surprised everyone with its December sales.
Retailers were hurt by profit warnings at Macy's, Kohl's and L Brands today.
The Trump rally rests on three legs: Fast cuts to regulations, repatriating foreign profits and corporate tax reform.
Nine of the S&P 500's top 10 decliners today are within the retail space.
In the new economy, don't waste consumers' time and interrupt their ability to multitask.
More trouble at L Brands, as a lowered earnings outlook sends the shares lower Thursday.
Victoria's Secret continues to struggle.
Brick-and-mortar sales were up 6.5% year-over-year for the week ended December 24.
L Brands will end the year the 18th worst-performing stock in the S&P 500.
The most recent short interest data has been released for the 12/15/2016 settlement date, and we here at Dividend Channel like to sift through this fresh data and order the underlying components of the S&P 500 by "days to cover." There are a number of ways to look at short data, for example the total number of shares short; but one metric that we find particularly useful is the "days to cover" metric because it considers both the total shares short and the average daily volume of shares typically traded. The number of shares short is then compared to the average daily volume, in order to calculate the total number of trading days it would take to close out all of the open short positions if every share traded represented a short position being closed.
Things look pretty bleak for two well-known mall-based retailers.
Saturday was estimated to be the year's biggest shopping day.
While many retailers' holiday sales appear to be down so far compared to last year, holiday sales are expected to positively surprise this upcoming week.
MKM Partners is looking for strength across Burlington Stores, Ross Stores and TJX this holiday season, while an RBC Capital survey indicated consumer pursuit of value and off-price merchandise.
The Victoria's Secret parent company has just two women on its board, one of whom is the CEO's wife.
L BRands has no women in it's c-suite and just two on its board