Motley Fool
Why Macy’s, Nordstrom, and Party City Just Crashed
Tic-tac-toe, three in a row, shares of retail stocks Macy’s (NYSE: M), Nordstrom (NYSE: JWN), and Party City Holdco (NYSE: PRTY) crashed in quick succession Thursday, and were trading down by 7.9%, 9.1%, and 12.4%, respectively, as of 1:54 p.m. EDT. You can probably blame another retail stock — Kohl’s (NYSE: KSS) — for all of that. You see, there was no particularly bad news on the wires concerning Macy’s, Nordstrom, or Party City Thursday.
