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Jan. 15, 2021, 9:48 a.m. EST

Retail stocks take a hit after disappointing data, as COVID-19 even weighed on online sellers

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By Tomi Kilgore

Shares of retailers traded broadly lower early Friday, to underperform the broader stock market, after economic data showing that December retail sales fell for a third-straight month, and by much more than expected. The data indicated that sales at even internet retailers and electronic stores, which had been standout performers during the COVID-19 pandemic, dropped last month. The SPDR S&P Retail ETF /zigman2/quotes/206947004/composite XRT -0.44% slid 1.2% in morning trading and the Amplify Online Retail ETF /zigman2/quotes/206522380/composite IBUY +3.50% shed 1.4%, while the S&P 500 /zigman2/quotes/210599714/realtime SPX -0.48% eased 0.3%. Among the sector's more-active components, shares Walmart Inc. /zigman2/quotes/207374728/composite WMT -1.54% dropped 1.9%, GameStop Corp. /zigman2/quotes/203755179/composite GME -6.43% fell 3.3% and Macy's Inc. /zigman2/quotes/201854387/composite M -3.24% lost 1.5%. Elsewhere, Amazon.com Inc.'s stock /zigman2/quotes/210331248/composite AMZN +1.17% inched up less than 0.1% while Best Buy Co. Inc. shares /zigman2/quotes/205918291/composite BBY -2.52% declined 0.4%.

/zigman2/quotes/206947004/composite
US : U.S.: NYSE Arca
$ 79.26
-0.35 -0.44%
Volume: 4.39M
Feb. 26, 2021 8:00p
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/zigman2/quotes/206522380/composite
US : U.S.: NYSE Arca
$ 130.59
+4.41 +3.50%
Volume: 451,294
Feb. 26, 2021 8:00p
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/zigman2/quotes/210599714/realtime
US : S&P US
3,811.15
-18.19 -0.48%
Volume: 3.12B
Feb. 26, 2021 5:04p
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/zigman2/quotes/207374728/composite
US : U.S.: NYSE
$ 129.92
-2.03 -1.54%
Volume: 14.16M
Feb. 26, 2021 4:00p
P/E Ratio
27.43
Dividend Yield
1.69%
Market Cap
$373.32 billion
Rev. per Employee
N/A
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/zigman2/quotes/203755179/composite
US : U.S.: NYSE
$ 101.74
-6.99 -6.43%
Volume: 92.19M
Feb. 26, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$7.58 billion
Rev. per Employee
$461,857
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/zigman2/quotes/201854387/composite
US : U.S.: NYSE
$ 15.21
-0.51 -3.24%
Volume: 20.65M
Feb. 26, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$4.88 billion
Rev. per Employee
N/A
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/zigman2/quotes/210331248/composite
US : U.S.: Nasdaq
$ 3,092.93
+35.77 +1.17%
Volume: 4.28M
Feb. 26, 2021 4:00p
P/E Ratio
74.08
Dividend Yield
N/A
Market Cap
$1539.48 billion
Rev. per Employee
$297,430
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/zigman2/quotes/205918291/composite
US : U.S.: NYSE
$ 100.35
-2.59 -2.52%
Volume: 4.57M
Feb. 26, 2021 4:00p
P/E Ratio
14.67
Dividend Yield
2.79%
Market Cap
$26.66 billion
Rev. per Employee
N/A
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