Market Volatility: Macy's, Sleep Number, and Other Stocks Trade Down Amid Inflation Concerns

Macy's, Sleep Number, Academy Sports, MarineMax, and Sally Beauty stocks fell following a hotter-than-expected wholesale inflation report. The Producer Price Index jumped 0.9% in July, exceeding economists' expectations. This has fueled concerns about slowing consumer spending and higher prices for shoppers. Despite the market overreaction, the price drops present opportunities to buy high-quality stocks.

Stocks of Macy's (NYSE: M), Sleep Number (NASDAQ: SNB), Academy Sports + Outdoors (NYSE: ASO), MarineMax (NASDAQ: MMAX), and Sally Beauty (NASDAQ: SBH) fell following a hotter-than-expected wholesale inflation report. The Producer Price Index (PPI) jumped 0.9% in July, surpassing economists' expectations of 0.7%. This has fueled concerns about slowing consumer spending and higher prices for shoppers.

The PPI report indicates that wholesale prices are rising at a faster pace than anticipated, which could lead to increased costs for retailers. This, in turn, may pressure companies to raise prices, potentially leading to a decrease in consumer spending. The market overreacted to the report, causing stocks of these retailers to drop.

Despite the market's immediate reaction, the price drops present opportunities for investors to buy high-quality stocks. Analysts and investors should closely monitor these companies' earnings reports and guidance to assess their ability to navigate the challenging economic environment.

References:
[1] https://www.marketbeat.com/instant-alerts/macys-m-expected-to-announce-quarterly-earnings-on-wednesday-2025-08-13/