Midwest Boutique Comments Circulate

Midwest Boutique Comments Circulate.

• Retail sector mostly under pressure today.
• BJ's leads the group, down nearly 5pct.
• While the action is easily blamed on tariffs, today a boutique shop issued comments which traders circulated well after the market open.
• Midwest boutique notes BJ sales QTD "appear softer" compared to Q1 and analyst forecasts.
• The firm says it is "hearing" that some markdowns are occurring which tends to happen when sales slow as companies seek to improve inventory turnover.

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