Concerns that retail earnings and same store sales might
be on the light side are being born out, at least initial
Men's Wearhouse cut its forecast for third quarter profits, citing "continued softening in traffic trends."
American Eagle saw a decrease of 5% in September comparable store sales, citing lower traffic and unseasonably warm weather.
Separately, restauranteur Ruby Tuesday also reported first quarter earnings in line with forecasts that had been lowered several weeks ago, but they cut their full year forecast as well.
Traders had to deal with several negatives today:
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