Raymond James reports a significant Q3 2026 decline across retail and digital commerce stocks, driven by rising oil prices, higher interest rates, and inflation concerns 🔗.
Key impacts:
- Softline Retail & Brands: Down 8% on average.
- Digital Commerce: Dropped 5%.
- Active Apparel/Footwear: Fell 15%, P/E multiples contracted to 14x (vs. 5-year avg. 19x). Under Armour, Birkenstock, Deckers, Nike, Lululemon, On all saw double-digit losses 🔗.
- Premium Apparel/Accessories: Down 21%, P/E multiples contracted to 11x (vs. 5-year avg. 12.5x) 🔗.
This broad pullback occurred despite a solid Q2 earnings season, indicating macro factors are now outweighing company-specific performance for the sector 🔗.
Raymond James sees broad pullback in retail stocks during 3Q26
STREETINSIDER.COMOct 1, 6:26 PM UTC
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