Why These Retailers' Stocks Fell This Week
The specialty retailing category was hit hard during a down week on the stock market. Five Below (NASDAQ: FIVE), Ross Stores (NASDAQ: ROST), and The Container Store (NYSE: TCS) fell 12%, 9%, and 16%, respectively, through Thursday trading compared to a 3.2% decline in the wider S&P 500, according to data provided by S&P Global Market Intelligence. The drops added to big declines for these stocks, which are all down by more than 35% so far in 2022.
It came as investors began to worry more about rising inventory risks ahead of a potential downturn in consumer spending.
None of these companies issued operating updates this week. But investors did get some indications of a worsening demand environment from Nike's Monday report.
Source Fool.com
