Why Department Store Stocks Tumbled Today

Department store stock got rocked today after a number of earnings reports released today failed to convince investors that the headwinds against the sector were easing.

Among the victims were Macy's Inc (NYSE: M), which was down 9% as of 12:41 p.m. EDT, Kohl's Corporation (NYSE: KSS), which was off 6.6%, Dillard's, Inc. (NYSE: DDS), which sank 15.4%, and Sears Holdings Corp (NASDAQ: SHLD), which did not report earnings but still followed its peers south, falling 7%.

Image source: Getty Images.

Source: Fool.com