What happened Shares of Wayfair (NYSE: W), Macy's (NYSE: M), and Nordstrom (NYSE: JWN) fell hard on Wednesday, down 12.5%, 11.8%, and 9.6%, respectively, as of 2:17 p.m. ET. There wasn't any material news out of these retailers today.
Nordstrom's (JWN) Q1 performance is expected to have gained from brand strength, digital momentum and a solid performance in the Nordstrom banner. Supply-chain woes are likely to have hurt.
Here is how Designer Brands (DBI) and Nordstrom (JWN) have performed compared to their sector so far this year.