Retailer Body Central loses half its value - again

(Reuters) - Women's apparel retailer Body Central Corp BODY.O cut its second-quarter outlook following heavy discounting to clear out inventory, sparking a selloff that wiped out half its market value for the second time in as many months.The mall-based retailer, which sells clothes, shoes and accessories to women in their late teens and 20s, has been struggling to drive sales for the past two quarters due to lackluster merchandise, losing ground to rivals such as Forever 21.Jefferies analyst Randal Konik said there was a "severe lack of visibility around the product issue," cutting his rating on the stock to