The fourth quarter is now half over, and fourth quarter earnings estimates have been coming down quickly for financials and retailers. Both Kohl's and Ann Taylor loweredtheir guidance.
Ann Taylor noted that "Traffic trends were particularly soft in the month of October," though they improved in November. One positive note: Kohl's appears to have inventory well under control. So the fourth quarter earnings retail score this week is: two hold (Wal-Mart, Macy's), three lower (JC Penney, Kohl's, Ann Taylor).