Department store stocks have plunged again this week, leaving shares of many leading department stores at or near multiyear lows. Industry leader Macy’s (NYSE: M) saw its stock hit a five-year low below $28 while shares of troubled department store J.C. Penney (NYSE: JCP) fell below $6, reaching lows not seen since 1980.
Shares of Kohl’s (NYSE: KSS) and Nordstrom (NYSE: JWN) haven’t quite reached their 52-week lows. Nevertheless, both stocks have lost about a third of their value since early December.