By and  on April 7, 2014

U.S. retail stocks logged their third consecutive day of losses today as the major indices weathered substantial but less severe damage.

The S&P 500 Retailing Industry Group surrendered 1.9 percent to close at 866.25. This follows a 2 percent drop on Friday during which the retail index fell below the 900 mark. Retail stocks have fallen 7.8 percent for the year so far as merchants struggled to attract traffic and sell spring merchandise without the aid of significant promotions.

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