Market Overview

Retail Stocks Waver After Target Predicts Flat Comp Sales

Related TGT
MKM Partner's Quick Take On Holiday Traffic At Department Stores, Retailers
Will Omnichannel Accelerate Big Lots' Turnaround Pace?
2014 Tech Anthem: Disrupt and You Shall Succeed (Fox Business)

Retail stocks wavered as the market opened Tuesday after Target (NYSE: TGT) predicted flat second-quarter same-store sales growth.

Besides dropping more than four percent, Target was among the most actively traded issues in the pre-market, with more than 200,00 shares changing hands.

Year to date, the sector is down 4.7 percent as measured by the exchange-traded fund SPDR S&P Retail (NYSE: XRT), but many big names in the sector are down by double digits.

Macy's (NYSE: M) was down 1.01 percent for the day, while Bon-Ton Stores (NASDAQ: BONT) dropped 0.74 percent.

Wal-Mart Stores (NYSE: WMT) fell 0.61 percent and Costco (NASDAQ: COST) fell 0.22 percent.

Posted-In: News Guidance Movers

 

Related Articles (COST + M)

Around the Web, We're Loving...

Get Benzinga's Newsletters