Barclays Flags Macy's, Kohl's Risks During Consumer Weakness; Highlights Gildan, Levi's For Strength
1. Barclays initiated coverage on KSS with an Underweight rating and $4 price forecast. 2. Market turbulence and policy uncertainties impact consumer sentiment and business outlook. 3. Apparel sector vulnerable to tariff shifts, with anticipated sales declines in 2025-2026. 4. Retailers may adopt conservative buying strategies due to weakening consumer demand. 5. Kearney prefers firms with strong DTC strategies and operational advantages.