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"US retail stocks have had a punishing week.The S&P 500 retail index, which is home to companies including Macy's, Kohl's, Netflix and Priceline, has declined 5.2 per cent this week and is poised for its biggest weekly drop since May 2012.The narrower S&P 500 department stores index, which includes just Nordstrom, Macy's and Kohl's, fell 16 per cent and is set for its biggest drop since the financial crisis.The sell-off comes as Macy's and Nordstrom, two major department stores, cut their profit forecasts this week."
"US retail stocks have had a punishing week.The S&P 500 retail index, which is home to companies including Macy's, Kohl's, Netflix and Priceline, has declined 5.2 per cent this week and is poised for its biggest weekly drop since May 2012.The narrower S&P 500 department stores index, which includes just Nordstrom, Macy's and Kohl's, fell 16 per cent and is set for its biggest drop since the financial crisis.The sell-off comes as Macy's and Nordstrom, two major department stores, cut their profit forecasts this week."
[text] US retail stocks poised for worst week since 2012 - fastFT: Market-moving news and views, 24 hours a day - FT.com
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