Apparel Retailers Fall on Mixed Sales Reports -- Market Mover
13 July 2018 - 5:49AM
Dow Jones News
Investors sold off shares in several retailers Thursday after
the companies released monthly sales reports. In mid-afternoon
trading, shares in women's fashion seller Cato had fallen 15%,
after the Charlotte-based retailer reported same-store sales for
the period were flat compared to last year. L Brands's stock was
down 11% because the Columbus, Ohio, retailer said comparable sales
for the period, which grew 3% versus last year, had slowed compared
to the previous reporting period. Shares in Zumiez had dropped 10%
after it reported comparable sales increased 2.7%, down from a 5.3%
increase during the same period in 2017. Buckle's stock was down
7.9% after the Kearney, Neb.-based company said comp sales fell
1.2% from the year-earlier period. (micah.maidenberg@wsj.com)
(END) Dow Jones Newswires
July 12, 2018 15:34 ET (19:34 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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