How Does Amazon's Q3 Performance Read Through For The Rest Of Retail?
While Amazon.com, Inc. (NASDAQ:AMZN) remains on a growth trajectory, the rest of the retail industry continues to feel the pressure, Wells Fargos Ike Boruchow said in a report.
Q3 Read Through
Boruchow mentioned that an analysis of Amazons Q3 performance highlighted four major implications for the rest of retail:
- Carter's, Inc. (NYSE:CRI).
- Hanesbrands Inc. (NYSE:HBI).
- Nike Inc (NYSE:NKE).
- PVH Corp (NYSE:PVH).
- Ralph Lauren Corp (NYSE:RL).
- Skechers USA Inc (NYSE:SKX).
- Steven Madden, Ltd. (NASDAQ:SHOO).
- VF Corp (NYSE:VFC).
At last check, Amazon shares were relatively flat on the day, down just 0.05 percent and trading at $770. The SPDR S&P Retail (ETF) (NYSE:XRT) was recently seen up 0.65 percent at $47.81.
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