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Holiday sales fell short for major retailers due to economic uncertainty, but Lululemon outperformed.
Apparel and footwear retailers including Abercrombie & Fitch, American Eagle, and Urban Outfitters reported weaker-than-expected holiday sales, citing cautious consumer spending amid economic uncertainty, tariffs, and inflation.
Abercrombie’s stock dropped 17%–18% after lowering its annual sales outlook to at least 6% growth and forecasting 5% fourth-quarter sales growth, below estimates.
Peers also declined, while Birkenstock missed revenue targets and saw shares fall 3%.
In contrast, Lululemon posted strong results, with sales and profits at the top of its guidance, highlighting a split between resilient premium and value retailers.
Las ventas navideñas se quedaron cortas para los principales minoristas debido a la incertidumbre económica, pero Lululemon superó su desempeño.