Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of youth-skewed clothing retailer Aeropostale
So what: Oh boy, where do I start? Aeropostale saw disappointing same-store sales in July, reported preliminary second-quarter results far below Street estimates, and then lowered expectations for the full year based on "a lack of balance in our merchandise assortments, as well as continued promotional and macroeconomic challenges." It's fire-sale city for both the stock and the clothes, and all of this came on the worst market day I've seen since the summer of 2008.
Now what: Fellow teen-tailers Zumiez
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