Shares of apparel companies are trading lower in sympathy with Macy's after the company announced the termination of discussions with Arkhouse and Brigade.
Portfolio Pulse from Benzinga Newsdesk
Shares of apparel companies are trading lower in sympathy with Macy's after the company announced the termination of discussions with Arkhouse and Brigade.
July 15, 2024 | 5:03 pm
News sentiment analysis
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NEGATIVE IMPACT
Canada Goose shares are trading lower in sympathy with Macy's after the latter announced the termination of discussions with Arkhouse and Brigade.
As an apparel company, Canada Goose is affected by the negative sentiment in the sector following Macy's announcement.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Macy's shares are trading lower after the company announced the termination of discussions with Arkhouse and Brigade.
The termination of discussions with Arkhouse and Brigade is seen as a negative development, leading to a decline in Macy's stock price.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Ralph Lauren shares are trading lower in sympathy with Macy's after the latter announced the termination of discussions with Arkhouse and Brigade.
Ralph Lauren, being part of the apparel sector, is experiencing a decline in stock price due to the negative sentiment following Macy's announcement.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50