May 18, 2022, 12:18 p.m. EDT

Wednesday Sector Laggards: Department Stores, Specialty Retail Stocks

May 18, 2022 ( via COMTEX) --

In trading on Wednesday, department stores shares were relative laggards, down on the day by about 8.8%. Helping drag down the group were shares of Target, off about 24.4% and shares of Bjs Wholesale Club Holdings down about 16.3% on the day.

Also lagging the market Wednesday are specialty retail shares, down on the day by about 7.2% as a group, led down by Petco Health and Wellness, trading lower by about 14.2% and Joann, trading lower by about 13.8%.

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