At Guess, better-than-expected first-quarter results and a solid outlook “have allayed investors’ concerns that this business was in continued decline,” Jefferies analysts said. “Much to the contrary, we believe the company has a great global growth platform and a U.S. business that shows further stabilization.”
SPDR S&P Retail ETF (NYSEArca: XRT) climbed nearly 1% Thursday morning.
SPDR S&P Retail ETF
