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NEW YORK — Retail issues deflated Monday as tepid sales last week helped inflate pressure felt by the equity markets in general after United Airlines filed for bankruptcy.

This story first appeared in the December 10, 2002 issue of WWD.  Subscribe Today.

Wal-Mart Stores Inc. and Federated Department Stores Inc. each said they were trending toward the low end of their monthly plans. For more on weekly sales, see story starting on page 2.

The Standard & Poor’s retail index dropped 2.5 percent to 276.57, exceeding the broader market’s 2.2 percent fall, as seen in the S&P 500, which ended the day at 892. The Dow Jones Industrial Average slipped 2 percent to 8473.41.

Department stores taking a beating included Saks Inc., down 5.5 percent to $12.90; Dillard’s, 5.2 percent to $16.18; Sears, Roebuck, 3.1 percent to $25.71 and Kohl’s, 3 percent to $60.

In the discount sector, Target slid 4.9 percent to $32.31 while Wal-Mart, a Dow component stock, was off 2.2 percent to $51.85.

Among the specialty players assuming declines were Aeropostale, down 4.4 percent to $11.86; Cache, 4.3 percent to $13.01; American Eagle, 4.2 percent to $15.17; Chico’s, 3.8 percent to $21.02; Too, 3.6 percent to $26.98; Claire’s, 3.5 percent to $23.86; Bebe, 3.5 percent to $12.77; Charlotte Russe, 3.4 percent to $13.30; Deb, 3.3 percent to $21.88; Limited Brands, 3.2 percent to $14.71 and Sports Authority, 3.1 percent to $7.90.