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We've been talking about retail being weak for a while. We've seen re-rating for some of the companies while, others have held strong.
Inventory has been a big issue with retail. Nike still has quite a bit of clean up to do, as does Lululemon, but their heading in the right direction and the Street has been happy with just the effort there.
But not every company is story stock like Nike and Lulu and the sporting goods section will continue to face some pressure in the next few months.
