The Gap still under pressure as SSS are down this Q:
GPS down 14%.
Can't say you weren't warned:
ragingbull.altavista.com
By: Sharck $$$$
Reply To: 1278 by Rande_Is $$$$ Sunday, 13 Aug 2000 at 12:10 PM EDT
Rande, "TOM" et al,
Too bad fashion retail stocks don't have return policies huh??? I can tell you, sales are flat to down and have been for some time. Mkts love affair with popular brand retailers are as fickle as young consumer tastes and brand fatigue is not simply a buzz word.
Beyond that retailers have to contend with rising interest rates and the Soviets causing all these strange weather patterns, Hilfiger "TOM" has warn out its appeal with the urban crowd. Latest Q showed profit decline to US $9.7 million from 38.7 million last year. Ray Charles could have seen this one coming, and sold TOM short.
My latest purchase of retail was ANF at 9, out now for a double. Others I look at for guidance, is GPS now under pressure, AEOS, LIZ, DK, URBN, ANN, and KCP, which I am now eyeing at for a potential soon to be short, with LIZ....
Tom may have a good open this week, but I would use any bump to reduce my exposure...
Trade smart,
Use stops...
Sharck
WMT and LTD both up... |
