Management|ANALYSIS Featured
J.Jill’s stock halved its value after retailer lowered Q3 profit forecast
Shares of J. Jill Inc lost half their value on Thursday, after the U.S. womenswear chain slashed its third-quarter profit forecast due to a slowdown in traffic to its stores. “We see the miss as largely explainable, and believe the company is sufficiently nimble to address the missteps in short order,” Jefferies analyst Randal Konik said, adding...
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