Apparel Retailers Fall on Mixed Sales Reports -- Market Mover

Date : 07/12/2018 @ 3:49PM
Source : Dow Jones News
Stock : Buckle (The) (BKE)
Quote : 22.7  -0.8 (-3.40%) @ 4:02PM

Apparel Retailers Fall on Mixed Sales Reports -- Market Mover

Buckle (NYSE:BKE)
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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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