Mall retailers rally as sentiment improves
A CEO transition at Aeropostale (ARO +11.1%) along with some robust earnings reports from retail heavyweights is helping to give a lift to some beat-up mall sellers.
The general take from analysts is that the group is entering the Back-to-School season with an assortment more aligned to teenage tastes and with a tighter reign on SG&A expenses.
Gainers: Zumiez (NASDAQ:ZUMZ) +2.4%, Express (NYSE:EXPR) +1.6%, Tilly's (NYSE:TLYS) +1.8%, Buckle (NYSE:BKE) +1.7%, Abercrombie & Fitch (NYSE:ANF) +2.3%, American Eagle Outfitters (NYSE:AEO) +2.8%, Gap (NYSE:GPS) +1.2%.
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