Retail Stocks Put on Layaway
In the following video, Fool.com analysts Blake Bos and Isaac Pino discuss retail stocks Fifth & Pacific, J.C. Penney, and Express, which are probably causing buyers' regret for many investors today.
J.C. Penney has been under scrutiny lately for its attempts at a turnaround under the leadership of CEO Ron Johnson. While famed investors such as Bill Ackman and Lloyd Khaner are optimistic on the company's prospects, investors watched shares take a beating today after reiterated guidance was released from Fifth & Pacific and Express. Shares of J.C. Penney finished the day down 4%.
Fifth & Pacific, maker of Juicy Couture, Lucky Brand, and Kate Spade, watched shares tank 11% today after reducing guidance by 20%. Investors in Express also watched shares slide off a cliff, down 22%, when the company lowered guidance by 26%.
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