The Black Friday start to the crucial holiday shopping season has been mixed at best, and that means there are some distinct early and winners and losers, analysts say.
“Lululemon, A&F banner, American Eagle Outfitters, and Victoria’s Secret banner emerged as the biggest winners this Black Friday, while Hollister, Gap banner, & Banana Republic were relative losers, in our view,” the Morgan Stanley retail team led by longtime analyst Kimberly Greenberger wrote in a recent note.
According to…
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