Macy's and more of the worst stocks of retailers so far in 2019

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With Labor Day here, the summer is coming to an end, and there is only one month left until the end of the third quarter, it's a good time to reflect on the performance of the retail sector. the
SPDR S & P Retail
The ETF has been up 2% since the beginning of the year, as the industry struggles with the aftermath of the trade war, is worried about the recession, changing consumer priorities and weak consumer spending. income from the pillars. Not all stores hurt, but there have been many.

Here is an overview of the three worst-performing retail stocks in the
S & P 500
through last week. The benchmark is up 15% up in 2019.

Macy's

Macy's

stock (ticker: M) fell 49% in 2019 until Labor Day, making it the least-performing department store, a category lagging behind retail competitors. The company has not been able to get a break this year despite a good holiday shopping season. Shares have stagnated even after a relatively good first quarter and its latest earnings report has worsened the situation. Analysts are not optimistic about its future, especially in the midst of a trade war.

gap

gap

(GPS) is another pillar of the mall that has struggled to find its place, recording a 37% drop since the beginning of the year. Although some hope that the new Old Navy brand, which results well, will have positive spinoffs, the company has delivered a disappointing quarter after the other. He also made the list of the worst stocks of the year Barron cataloged in July.

Nordstrom

Nordstrom

(JWN), another department store, is the second worst retail performance in 2019, down 36%. She too was little encouraged by the holiday season and the stock has since languished. The company faces many of the same structural problems – including increased online competition, lackluster mall traffic, and changing tastes for consumers – that have affected Macy's behavior. Yet even a second quarter, better than feared, and the hope that the Nordstrom family will reach a privatization deal, which helped the stock, has not been enough to defeat long-standing pessimism.

Write to Teresa Rivas at [email protected]