Shares of retail stocks are trading lower. A recent holiday retail forecast from Deloitte estimated holiday sales growth of 3.5-4.6%, representing slower growth from last year.
Portfolio Pulse from Benzinga Newsdesk
Retail stocks are trading lower due to a recent holiday retail forecast from Deloitte, which estimated a slower holiday sales growth of 3.5-4.6% compared to last year.
September 18, 2023 | 6:28 pm
News sentiment analysis
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NEGATIVE IMPACT
American Eagle Outfitters (AEO) stock is trading lower due to the forecasted slower holiday sales growth.
As a retail company, AEO's performance is directly tied to retail sales. The forecasted slowdown in holiday sales growth could negatively impact AEO's revenue and stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Burlington Stores (BURL) stock is trading lower due to the forecasted slower holiday sales growth.
As a retail company, BURL's performance is directly tied to retail sales. The forecasted slowdown in holiday sales growth could negatively impact BURL's revenue and stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Crocs (CROX) stock is trading lower due to the forecasted slower holiday sales growth.
As a retail company, CROX's performance is directly tied to retail sales. The forecasted slowdown in holiday sales growth could negatively impact CROX's revenue and stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Gap Inc. (GPS) stock is trading lower due to the forecasted slower holiday sales growth.
As a retail company, GPS's performance is directly tied to retail sales. The forecasted slowdown in holiday sales growth could negatively impact GPS's revenue and stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Kohl's Corporation (KSS) stock is trading lower due to the forecasted slower holiday sales growth.
As a retail company, KSS's performance is directly tied to retail sales. The forecasted slowdown in holiday sales growth could negatively impact KSS's revenue and stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Macy's Inc. (M) stock is trading lower due to the forecasted slower holiday sales growth.
As a retail company, Macy's performance is directly tied to retail sales. The forecasted slowdown in holiday sales growth could negatively impact Macy's revenue and stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Target Corporation (TGT) stock is trading lower due to the forecasted slower holiday sales growth.
As a retail company, Target's performance is directly tied to retail sales. The forecasted slowdown in holiday sales growth could negatively impact Target's revenue and stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100