da-kuk/E+ via Getty Images
da-kuk/E+ via Getty Images
The retail sector is seeing a strong recovery after earnings reports from Nordstrom (JWN +9.6% ) and Best Buy (BBY +6.0% ) helped tamp down fears that consumer spending is tailing off far and wide. There was also some M&A buzz with Wendy's and Kohl's (KSS +16.0% ) attracting interest, as well as a reassuring tone from Dick's Sporting Goods (DKS +10.4% ) during its earnings call on the promotional atmosphere in retail.
Broad gains were seen across retail in mid-day Wednesday trading including recoveries for Bath & Body Works (NYSE:BBWI +8.0% ) , Under Armour (UAA +5.7% ) , PVH Corp. (PVH +4.8% ) , Ross Stores (ROST +4.0% ) , Abercrombie & Fitch (ANF +16.1% ) , Children's Place (PLCE +16.1% ) , Torrid Holdings (CURV +11.8% ) , American Eagle Outfitters (AEO +11.3% ) , Signet Jewelers (SIG +11.7% ) , Wayfair (W +11.8% ) , Dillard's (DDS +11.3% ) , Macy's (M +8.5% ) , Hibbett (HIBB +17.8% ) , Williams-Sonoma (WSM +11.8% ) and Conn's (CONN +11.3% ) .
Target (TGT +3.6% ) is also trying to claw back after its 30% decline last week.
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