The market wasn't impressed with the struggling manufacturer's latest sales and distribution news. Read More...
Motley Fool
Why Gap, Wayfair, and Nordstrom Stocks Were All Falling Today
Shares of retail stocks including Gap (NYSE: GPS), Wayfair (NYSE: W), and Nordstrom (NYSE: JWN) were all falling today after a disappointing earnings report from Target (NYSE: TGT) cast a pall over the discretionary retail sector. Target is seen as something of a bellwether in discretionary retail as it’s one of the largest retailers in categories like home goods and apparel, and it draws customers from a wide range of demographics. With Gap and Nordstrom’s third-quarter earnings reports not yet out, investors seemed to take a dimmer view of those retailers, especially since they’ve underperformed Target in recent years.
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