Considering June's been a mixed bag for some retailers, it doesn't hurt to take a look at how a handful of the specialty retailers fared during the month. Did the cooler, rainy weather squelch foot traffic where these retailers reside? Or did it make for the perfect climate to stroll at the mall?
In AnnTaylor's most recent quarterly conference call, transcript courtesy of CCBN StreetEvents (registration required), market research had revealed that it was siphoning off customers from Gap
Who wasn't on the top of the list of women's retailers? Talbots
All in all, the figures don't represent many big shifts from May. Once again, Talbots may look cheap, but it seems evident it's still missing in its appeal to female shoppers. AnnTaylor continues to show strength in Loft, and some signs that Ann Taylor itself is becoming a more popular destination. Trading at 15 times forward earnings, AnnTaylor looks a lot cheaper than Chico's, with its P/E of 29, but there remains the idea that the latter company's shares have a rich price tag to match its continued impressive growth.
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Alyce Lomax does not own shares of any of the companies mentioned.