Parkas hang on display at the new Canada Goose Holdings Inc. store in Montreal, Quebec, Canada. (Photographer: Christinne Muschi/Bloomberg)

A $2.9 Billion Wipeout Ensues When Retailers Lose the Thread

(Bloomberg) -- For apparel retailers, the plot has to unfold just right for investors to buy into the narrative. And by the market’s reaction Wednesday, they clearly didn’t stick to the script.