By now you've probably heard the news: Foot Locker (NYSE: FL) stock crashed 27.5% (through 2:30 p.m. ET) after reporting a big earnings miss this morning -- and it's taking down along with it basically everybody else in retail clothing.

Under Armour's off 3%, obviously, and nearly 4%, which also makes sense. North Face- and Timberland-owner VF Corp. (NYSE: VFC) is getting hurt even worse, down 8.3% in sympathy with Foot Locker's news. Kohl's (NYSE: KSS) is crashing 8.2%. And The Children's Place (NASDAQ: PLCE) is off an unlucky 7%.

So it's looking like a lousy day to be invested in retail stocks, retail clothiers in particular. But should it be?

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Source Fool.com