A disappointing holiday season has seen a number of major retailer slash forecasts in recent weeks. On Thursday both American Eagle Outfitters and Bed Bath & Beyond lowered fiscal fourth quarter earnings expectations. While discounts attracted more customers to spend this holiday season, it had a major impact on companies’ profits. "This was a holiday season that most stores would like to forget," said Ken Perkins, president of Retail Metrics. Here is how some retailers reacted Thursday:
Bed Bath & Beyond Inc. (NASDAQ: BBBY) shares traded in the range of $68.83 to $72.26 Thursday before settling to close at $69.75, a decrease of 12.46 percent. The stock appears to be facing some resistance at the $71.83, $73.26 and $74.69 levels. Shares of Bed Bath & Beyond have fallen approximately 22.0 percent in the past year.
More information on Bed Bath & Beyond and access to the free equity report can be found at:
www.WallStreetFundamentals.com/BBBY
Nordstrom, Inc. (NYSE: JWN) shares traded in the range of $60.39 to $61.61 Thursday before settling to close at $61.49, an increase of 1.65 percent. The stock appears to be facing some resistance at the $62.11 and $62.93 levels with some support at $61.33. Shares of Nordstrom have gained approximately 12.0 percent in the past year.
More information on Nordstrom and access to the free equity report can be found at:
www.WallStreetFundamentals.com/JWN
Pier 1 Imports Inc. (NYSE: PIR) shares traded in the range of $20.27 to $20.96 Thursday before settling to close at $20.44, a decrease of 12.35 percent. The stock appears to be facing some resistance at the $20.59 and $20.73 levels with some support at $20.37. Shares of Pier 1 Imports have fallen approximately 1.0 percent in the past year.
More information on Pier 1 Imports and access to the free equity report can be found at:
www.WallStreetFundamentals.com/PIR
Sears Holdings Corp. (NASDAQ: SHLD) shares traded in the range of $41.22 to $43.84 Thursday before settling to close at $42.57, a decrease of 3.18 percent. The stock appears to be facing some resistance at the $44.02 and $46.61 levels with some support at $39.25. Shares of Sears Holdings have gained approximately 1.0 percent in the past year.
More information on Sears Holdings and access to the free equity report can be found at:
www.WallStreetFundamentals.com/SHLD
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