US Retail: Citi Retail Traffic Tracker: July Wk2 Similar to July Wk1 and July MTD Consistent w/June Overall; 2QTD Decel vs 1Q26

Research evidence excerpt

US Retail: Citi Retail Traffic Tracker: July Wk2 Similar to July Wk1 and July MTD Consistent w/June Overall; 2QTD Decel vs 1Q26

Body

Works,Capri Holdings,Columbia Sportswear Co,Deckers Outdoor Corporation,Gap Inc.,Gildan Activewear

Inc.,Kohl’s,Macys,Nike Inc,On Holding AG,PVH Corp.,Steven Madden, Ltd.,Tapestry,Target Corp,The Kroger,Under Armour

Inc,VF Corp,Walmart Inc,lululemon.

Citigroup Global Markets Inc. or its affiliates currently has, or had within the past 12 months, the following as clients, and the

services provided were non-investment-banking, non-securities-related: Abercrombie & Fitch,Albertsons Companies

Inc,Amer Sports, Inc.,Bath & Body Works,Birkenstock Holding PLC,Capri Holdings,Columbia Sportswear Co,Deckers Outdoor

Corporation,Dollar General,Gap Inc.,Gildan Activewear Inc.,Levi Strauss,Macys,Nike Inc,On Holding AG,PVH Corp.,Ralph

Lauren Corporation,Steven Madden, Ltd.,Tapestry,Target Corp,The Kroger,Under Armour Inc,VF Corp,Walmart Inc,Warby

Parker,lululemon.

Citigroup Global Markets Inc. and/or its affiliates has a significant financial interest in relation to Albertsons Companies

Inc,Gildan Activewear Inc.,Target Corp,The Kroger,Walmart Inc. (For an explanation of the determination of significant

financial interest, please refer to the policy for managing conflicts of interest which can be found at www.citiVelocity.com.)

Analysts’ compensation is determined by Citi Research management and Citigroup’s senior management and is based upon

activities and services intended to benefit the investor clients of Citigroup Global Markets Inc. and its affiliates (the “Firm”).

Compensation is not linked to specific transactions or recommendations. Like all Firm employees, analysts receive