In a world where we are all hunkering down and avoiding being outside, there are going to be some casualties. I don’t mean in the morbid sense, but rather, in the economic sense. Imagine being a retailer right now. Even those with strong online presences are taking damage. Those without, are sunk. This could be the death blow for many malls all across the country. The pain is being felt all along the retail supply chain.
Today’s Bear of the Day is a stock in the Textile – Apparel business which ranks in the Bottom 7% of our Zacks Industry Rank. It’s Zacks Rank #5 (Strong Sell) Columbia Sportswear (COLM - Free Report) . Columbia Sportswear Company, together with its subsidiaries, designs, sources, markets, and distributes outdoor, active, and everyday lifestyle apparel, footwear, accessories, and equipment in the United States, Latin America, the Asia Pacific, Europe, the Middle East, Africa, and Canada. The company provides apparel, accessories, and equipment that are used in various activities, such as skiing, snowboarding, hiking, climbing, mountaineering, camping, hunting, fishing, trail running, water sports, yoga, golf, and adventure travel.