"Life's but a tale told by an idiot, full of sound and fury, signifying nothing" - Abercrombie and Fitch's stock.
I promised drama when the mall stocks reported. As usual, the Mall delivered in spades.
Gap disappointed in a way they didn't seem to understand and fell 20%. ANF crushed estimates, spiked $25 then fell 25% in the next 2 days, ending the week about flat. Both American Eagle and Foot Locker managed to miss estimates they'd already pre-announced within the last 3 weeks (Foot Locker while hitting the semi-Golden Parachutes since the company has already been purchased).
And Costco reported its umpteenth consecutive "solid quarter", rising slightly. Just to prove yet again that there's a yawning chasm between retail giants and the rugby scrum of retail happening everywhere else when it comes to reporting quarterly earnings.
What it all means and what I'm doing about it. The Week in Review:
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