Well, the retailers came in generally in line with the gloomy expectations: plenty of markdowns on warm weather. Two-thirds were below expectations, according to RetailMetrics. Department stores missed expectations across the board.
But--here's the surprise: a handful either reaffirmed or had positive guidance: Talbots,Gap,Aeropostale,Pacific Sunware, Gymboree,Christoper and Banks all guided higher. Most talked about decent margins and being able to maintain inventory levels. And a few--Target & Gap for example, beat sales expectations.