NEW YORK—Shares of big-format discount and department stores closed lower on Thursday, the second day of a general market decline, as the government put out a weak economic report.
The Commerce Department reported gross domestic product edged up just 0.6 percent in the October-to-December quarter, the latest sign of an economic downturn. In the prior quarter, gross domestic product rose 4.9 percent.
The Dow Jones Industrial average tumbled more than 100 points.
Here is how some key broadline retail and department-store stocks fared on Thursday:
Wal-Mart Inc., down 53 cents to $52.37.
Macy's Inc., down 81 cents, or 3.4 percent, to $23.36.
Target Corp., down $1.45, or 2.8 percent, to $50.98
BJ's Wholesale Club Inc., down 53 cents to $34.62.
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