Why Target, Gamestop, and Barnes & Noble Shares Have Tumbled in 2017
Some call it the retail apocalypse.
That name reflects the massive turmoil in the sector, where many brick-and-mortar chains have been struggling in the face of ever-growing digital competition. Through the first six months of 2017 Target (NYSE: TGT), GameStop (NYSE: GME), and Barnes & Noble (NYSE: BKS) have all fallen victim to the trend, and their shares have plummeted due to the changing operating environment.
Consumers behavior is changing, which has impacted all three of these retailers in different ways. The underlying theme, though, is that shopping going digital has hurt them all.
Source: Fool.com
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