Enough of the big box retailers have reported that we have a decent idea about how the consumer is doing. In short: “Better than expected but the future is promised...
Huge earnings week for the mall! Furniture stocks burning!
It's the last week of summer and the biggest week of the year as retail earnings hit maximum intensity in the next 5 days. Here's what I'm watching while most of the other adults are on vacation:
Abercrombie didn't have to be perfect. With the stock down 50% since January, even after a HUGE bounce, Abercrombie & Fitch just had to be decent. Anything better than about a 20% guidance cut would have been acceptable. Word was that foot traffic...
