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Fly News Breaks for December 19, 2016
GPS, FOSL, UA, URBN, CRI
Dec 19, 2016 | 07:38 EDT
Wells Fargo says that apparel retailers, footwear makers, and watch makers import large amounts and have low gross margins. As a result, the firm believes that such companies face the most risk from upcoming federal policy changes, and it is more cautious on Carter's (CRI), Urban Outfitters (URBN), Under Armour (UA), Fossil (FOSL), and Gap (GPS).