Wells Fargo analysts are forecasting a February retail slowdown due to a number of factors including the end of stimulus spending and winter storms that preclude in-store spending and stall e-commerce delivery times. "We'd also note that late-February is normally when retailers begin flowing in receipts of Spring merchandise to stores, so cold/snowy weather may mean a delayed start to Spring demand," analysts led by Ike Boruchow wrote. "Furthermore, though California lifted it's more-extreme restrictions that were reinstated in January, recent news of new COVID strains spreading in the region will likely have an averse impact on the state's recovery." COVID-related lockdowns in Europe have also been a first-quarter headwind. According to the research group's proprietary "Boruchow Buyside Barometer," Farfetch Ltd /zigman2/quotes/203824836/composite FTCH +12.51% tops the ranking followed by Coach parent Tapestry Inc. /zigman2/quotes/207417762/composite TPR +3.33% and Michael Kors parent Capri Holdings Ltd. /zigman2/quotes/206301876/composite CPRI +5.92% . Athleisure also continues to have a good showing with Foot Locker Inc. /zigman2/quotes/204092533/composite FL +4.67% and Under Armour Inc. /zigman2/quotes/208967132/composite UA +3.43% /zigman2/quotes/204420722/composite UAA +3.36% moving up the ranks and Nike Inc. /zigman2/quotes/203439053/composite NKE +1.74% continuing to rate high on the list. The SPDR S&P Retail ETF /zigman2/quotes/206947004/composite XRT +4.31% has gained 78.8% over the past year, far outpacing the benchmark S&P 500 index /zigman2/quotes/210599714/realtime SPX +1.49% , which is up 16.6% for the period.