Retail Improves On Good Weather: ANF A Big Winner
If bad weather really was to blame for retail's weak first quarter results, then it stands to reason that we should see a rebound now that the weather is warming up. Based on weekly checks, Janney Capital Markets sees evidence that traffic is picking back up for retail softlines, but promotions are still high and second quarter earnings may also be at risk.
Retail traffic is spiking on weekends, but still up from last quarter
“Over the weekend, we witnessed similar mall traffic to last weekend . . .
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