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Fossil, Abercrombie, Michael Kors: Beware the Strong Dollar

U.S. retailers with exposure to foreign markets remain lost in currency transactions. That’s the sentiment from Nomura analyst Simeon Siegel, who published a note today detailing the financial impact of currency exchange rates on sales and profits in the second half of 2015.

A strong U.S. dollar has pressure U.S. companies that do business overseas, reducing the value of revenue and profit generate on foreign shores. It’s been a big topic during earning season. And Siegel expects the second half of 2015 to be worse than the first half of the year, with Fossil (FOSL), Abercrombie & Fitch (a>