Retail stocks including Macy’s, Target get smoked as markets tank after retail sales miss

Retail stocks including Macy’s, Target get smoked as markets tank after retail sales miss

The Grinch might be a short-seller this Christmas season.

Retail stocks were tanking across the board on Thursday, as a much worse-than-expected November retail sales report early Thursday, combined with Wednesday’s latest announcement from the Federal Reserve, had markets under heavy selling pressure.

In early afternoon trading, shares of Macy’s (M) were off 3.9%, while shares of Target (TGT) and Abercrombie & Fitch (ANF) were down more than 4%, among other notable names underperforming in…


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