The mall meltdown continues

Mall-based retailers reported dismal earnings last week, reminding investors of the sector’s fundamental problems

By Elizabeth Winkler | The Wall Street Journal

Retailers’ earnings season has gone from bad to worse. The bleeding intensified last week, with shares of Abercrombie & Fitch plummeting 26% on Wednesday, the biggest percentage decline since the company went public. PVH Corp., owner of brands including Van Heusen, Tommy Hilfilger, and Calvin Klein, dropped 10% that day, too. On Thursday, women’s wear chain J.Jill was down a jaw-dropping 53% and on Friday, Gap Inc. slid 9%.

It is hard to miss what all of these retailers have in common: They are mall-based.

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June 4, 2019

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