Wednesday, May 11, 2016

Before some idiot weighs in on Target shares ...

It is not the boycott. The entire retail industry is getting hammered. On Monday Gap missed its earnings projections and saw its debt downgraded to junk status. Macy's issued a statement that they are significantly lowering earnings estimates. And, of course, the Office Depot/Staples merger is now history.

As of about 10:30 AM:

  • Macy's: -10%
  • J.C. Penney: -4%
  • Sears Holdings: -5%
  • Target: -4.4%
  • Nordstrom: -6.7%
  • Kohl's: -6%
  • American Eagle: -3%
  • Express: -4%
  • Abercrombie & Fitch: -2.4%
  • Buckle: -4.6%
  • Urban Outfitters: -5.6%
  • TJX Companies: -2.8%
  • Ross Stores: -4%
  • Office Depot: -38%
  • Staples: -17%
  • Best Buy: -4%
  • Bed Bath & Beyond -4.7%
  • Restoration Hardware: -6.6%
  • Pier 1 Imports: -7.7%
  • Williams-Sonoma: -4.9%

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