It has been an awful year for retail stocks, and there’s no two ways about it.
First, we started the year with a spate of bad weather that depressed both hiring and spending trends. Then, after what seemed like a snap-back in March, we were greeted by a meager 0.1% rise in April retail sales according to the latest data.
And the icing on the cake has been the ugly earnings reports lately from retailers across the board, typically including crumbling sales and very negative forward guidance.
So, with a very gloomy narrative for a few months weighing on sentiment and a very gloomy forecast going forward, it’s not surprising than many retail stocks have declined by double-digits or more year-to-date in 2014 even as the S&P 500 flirts with all-time highs.
So which retailers stink the worst? Here’s a list of 11 dogs, and some data on stock performance and sales numbers to illustrate just how ugly things are: