3 Retail Stocks to Consider

Chewy unveiled a $500 million stock buyback plan

Retail stocks are in focus today as investors wait to hear the Federal Reserve’s preferred stocks. inflation gauge. Traders will use the readings and performance of the retail sector to better understand the state of the U.S. economy, as well as the future of the central bank’s interest rate path.

Chewy Inc (NYSE: CHWY) The stock is down 5.9% to trade at $27.41 after the announcement of a $500 million stock buyback by BC Partners. Shares are on track for their fourth loss in six sessions and have now lost more than 29% in the past 12 months. Before the negative price development, CHWY recovered its highest close of 2024 earlier this month, and still remains up 15.8% year to date.

Earlier this week, Foot Locker Inc (NYSE:FL) Foot Locker announced an amendment to increase the size of its revolving credit facility by up to $750 million. Foot Locker shares fell 2.8% to $25.31, en route to its third straight loss. FL is already down 11.2% quarter-to-date and now has an 18.8% year-to-date deficit.

Kohls Corp (NYSE:KSS) is seeing a much more moderate pullback this afternoon, last seen down 0.5% at $23.15. The stock was already underperforming for the year, posting a 19.7% year-to-date loss. Like FL, KSS is poised for its third consecutive daily loss and extends its quarter-to-date deficit to over 21%.