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Lululemon, American Eagle are the retail winners of the holiday season: Morgan Stanley

Yahoo Finance Live's Brian Sozzi highlights the winners and losers in retail according to Morgan Stanley.

Video transcript

BRIAN SOZZI: Let's highlight some winners and losers in retail to kick off the holiday shopping season. Morgan Stanley is calling out Lululemon, American Eagle Outfitters, and Victoria's Secret as early winners due to lower discounting versus last year and strong store traffic. On the other hand, retail losers include the Gap Division and Banana Republic, which is also owned by Gap.