In the following video, Fool.com analysts Blake Bos and Isaac Pino discuss retail stocks Fifth & Pacific(NYSE:KATE)
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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Blake Bos, Isaac Pino, and The Motley Fool have no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.