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The Bargain Bin

Carl Icahn take note: There are a lot of bargain stocks in the retail sector right now.

CARL ICAHN TAKE NOTE: There are a lot of bargain stocks in the retail sector right now.

Fearful of a slowdown in consumer spending, retail shares tumbled on Tuesday after a bleak report by the Commerce Department and a steep loss from Citigroup Inc.

As a result, the Dow Jones Industrial Average fell 2.2 percent to 12,501.11, while the broader S&P 500 slid 2.5 percent to 1,380.95. The S&P Retail Index dropped 1.9 percent to 364.83.

Coldwater Creek announced after market on Monday that it would miss fourth-quarter expectations, sending shares free falling more than 27 percent to a 52-week low of $3.63 in early-morning trading Tuesday. When the dust cleared, the retailer rebounded slightly, closing down 25.1 percent to $3.86.

New York & Co. also slashed fourth-quarter earnings guidance, sending shares of the women’s apparel retailer plummeting 22.9 percent to close at $3.87. The firm said it expects earnings in the range of 15 to 19 cents a diluted share, down from previous guidance of 23 to 32 cents a share.

Many retail stocks are now trading below $10. Here’s a list:

Retail Stocks Are Now Trading Below $10
Bebe Stores Inc. $9.20
Bluefly $0.60
Bon-Ton Stores $5.68
Caché $9.86
Christopher & Banks $8.54
Circuit City $3.60
Charming Shoppes $4.44
Chico’s FAS $6.71
Casual Male $3.66
Coldwater Creek $3.86
Dress Barn $9.52
Eddie Bauer $6.44
Finish Line $1.72
Foot Locker $9.84
Finley Enterprises $1.25
Gander Mountain $4.27
Gottschalks $2.23
Hot Topic $3.96
Haverty Furniture $8.11
Jo-Ann Stores $9.15
99 Cents Only $6.32
New York & Co. $3.87
Pier 1 Imports $4.56
Rite Aid $2.13
Red Envelope $3.53
Restoration Hardware $3.93
Retail Ventures $5.28
Shoe Pavilion $0.91
Sharper Image $2.32
Stein Mart $3.81
Talbots $7.25
Wilsons Leather $0.78
Wet Seal $2.27