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Why Major Retailers' Stocks Fell In The Bargain Bin
Investors tossed major brick-and-mortar retailers into the bargain bin on Cyber Monday -- a day celebrated by online retailers as consumers shop till they drop over the Internet. Nordstrom (JWN), Macy's (M), Big Lots (BIG) and Coach (COH) dragged the S&P 500 down the most, falling 3.00% to 4.12%. Target (TGT), Bed Bath & Beyond (BBBY) and Costco (COST) skidded 1.70% to 2.64%. They contributed the most to the 0.21% loss in SPDR S&P 500 (SPY). These
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