didn't mean to imply cheaply made just commenting on my out of pocket cost to send kid to school! Sears august sales flat to last yr mainly due to labor day sales in l/y-they will be in Sept sales figures this yr. CNBC mentioned sneakerless sales as I mentioned in yesterdays post.
but I don't get your comment about "not cheap". Do you mean that they are not cheaply made? Because, in comparison to most everything else Old Navy items are 1/3 to 1/2 the price of items from similar look at retailers such as J. Crew.
The Gap (GPS) stock has not particularly reflected the success of the Old Navy division.
most schools in the south have been in session for some weeks now. Also my daughter and many of her friends are wearing "old navy" clothes not cheap and not from Sears or walmart or kmart or target etc etc etc. Shoes are in style as opposed to "nike" in high school not a good sign for sneaker makers. the kids would rather spend 100 bucks on clothes than sneaks. My wife however is buying the Apostrophe line of dresses from Sears and she is looking good....
rwcva had a good call with all the reasons listed. In fact, I sold 40% of my portfolio on that logic & just beat the crash. You saved me 10k rwcva. thanks. Now if there is a 1929 mentality out there, sales of survival goods may boom, but it's gonna take more than lightbulbs and lantern fuel to pump up sears. This stock really echos the market so as the market goes, so goes sears.