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Upgraded.....this stock with drop like a rock do to the impact of the cold weather product which holds the largest penetration to sales for the quarter.....
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nearly the entire United States was below freezing this weekend. People aren't listening to future weather forecasts. Winter is not even here yet and we have freezing temps, some warm weather gear will be under the tree as well
Diversifying or not...outerwear is still the largest penetration to the total business and with outwear tanking for the next couple of weeks...this stock is soon to be a short
As retailers continue to report soft numbers and talk about the warmer weather the read through will be that cold weather product is going to be heavily discounted to move through the inventory the exact inverse from last year where the cold weather saved a lot of retail