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Mind the Gap: Why to Avoid Buying Shares of the Troubled Retailer

It has been a dismal year for apparel stocks, as a never-ending list of woes plague the sector.

Stocks plunged as companies missed their already-conservative analyst estimates for the first quarter, citing myriad reasons including unseasonably warm weather, increased competition and the continuing rise of e-commerce superstar Amazon.

And then came the Brexit, which has given a solid pounding to practically every sector of the market.

Apparel retailers have been hit hard by the surprising result of the U.K.'s referendum vote. The S&P 500...