With weak holiday sales on their minds, investors were hard on retailers the day after Christmas, including the online giant Amazon.com. Major chains such as Abercrombie & Fitch, Urban Outfitters, and Gap were all down, too. The handbag maker Coach, a bellwether of the luxury market, lost nearly 6 percent of its value, more than any other company on the S&P 500 index. Right behind it was Amazon, which helps analysts get a read on the entire retail market.
Associated Press December 26, 2012
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