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Stock impact report

Why Big Box Retailers Got Crushed Today [The Motley Fool]

Macy's Inc (M) 
Last macy's inc earnings: 2/25 06:55 am Check Earnings Report
US:NYSE Investor Relations: macysinc.com/ir
Company Research Source: The Motley Fool
What happened Another volatile stock market trading session, another terrible day for traditional retail stocks. Department stores and mall-based chains including Macy's ( NYSE:M Kohl's NYSE:KSS Bed Bath & Beyond NASDAQ:BBBY Best Buy NYSE:BBY Investors seem to think that shoppers will want to avoid brick-and-mortar stores if the outbreak spreads and that they are more focused on spending money on things like food and medicine rather than discretionary purchases like apparel, home goods, and electronics. Meanwhile, the specter of supply chain disruptions from China also looms over these stocks and could cause inventory shortages in the coming weeks. By the end of the trading session, Macy's was down 8.%, Kohl's had fallen 0%, Bed Bath and Beyond was off .%, and Best Buy was trading down 6.8%. At the same time, the 00 SPDR Retail ETF NYSEMKT:XRT Image source: Getty Images. So what opened sharply lower this morning as hopes that the federal government would intervene to boost the econ Show less Read more
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