Abercrombie & Fitch (ANF), American Eagle Outfitters (AEO) and Aeropostale (ARO) are joining the ranks of retailers who will halt monthly sales reports. I applaud these decisions as positives for the stocks and shareholders. Release of monthly sales figures has only served the needs of analysts and traders. I now expect that volatility, both realized and implied, will compress for these three companies and others that cease monthly sales reporting.
Urban Outfitters (URBN), my favorite holding in the teen/tween specialty retail space and Dick's Sporting Goods (DKS), a long term specialty retail holding only report sales on a quarterly basis.
At the time of this Blog entry Scott Rothbort, his family and or clients of LakeView Asset Management, LLC was long DKS and URBN stock --- although positions can change at any time.
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Posted By Scott Rothbort at February 2, 2011