Market Overview

Specialty Retail Peers Shrug Off Warning From The Container Store (BBBY, PIR, WSM)

Mid-Afternoon Market Update: Dow Slides 100 Points; Container Store Shares Down On Weak Results
Mid-Day Market Update: US Stocks Turn Lower; NGL Energy Partners Shares Spike Higher

Specialty retailers Wednesday morning have largely ignored news from Tuesday's post-market session of a warning from The Container Store (NYSE: TCS).

Bed Bath & Beyond (NASDAQ: BBBY), Pier 1 Imports (NYSE: PIR) and Williams-Sonoma (NYSE: WSM) all are trading in line with the overall market this morning.

The Container Store CEO Kip Tindell issued cautious comments for the sector, noting specialty retailers are "seeing more challenging sales certainly than we had hoped for early in 2014."

Shares of The Container Store are trading down a whopping 8.9 percent to around $24.65 at last check.

Shares of Pier 1 are up about 1.6 percent.

Shares of Bed Bath & Beyond and Williams-Sonoma are little changed.

Posted-In: Earnings News


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