Following the long Memorial Day weekend, more retail stocks were down than up on Tuesday, May 29, but the changes were slight.

The Dow Jones Jones Retail Average closed down .21%.

Here's a quick look at some key stocks in the sector: 

Clothing Wars

The Ascena Retail Group Inc. (ASNA) - Get Ascena Retail Group, Inc. Report , which owns Ann Taylor and Lane Bryant, was up more than 5% and Macy's (M) - Get Macy's Inc Report  gained over 2%. The biggest laggard was Swedish clothing retailer H&M (H & M Hennes & Mauritz AB), down 1.78%, followed by Ralph Lauren Corp. (RL) - Get Ralph Lauren Corporation Class A Report , which slipped 1.29%, and Nordstrom Inc. (JWN) - Get Nordstrom, Inc. (JWN) Report and TJX Companies Inc. (TJX) - Get TJX Companies Inc Report , both down, 0.2%. Ralph Lauren has been struggling of late, yet H&M may have been pulled down by the Italian political crisis.

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What else could be dragging on retail stocks? Perhaps the uncertainty of President Trump's latest announcement that the U.S. plans impose tariffs of 25% on $50 billion of Chinese imports and will name the companies on June 15. Retailers are in a wait-and-see mode for now, but are forming their Plan B's by exploring new suppliers in other countries to replace those in China.

Drugstore Blues

The drugstore sector swung down largely on bad news in spades for one of its players. 

Fred's Inc. undefined   was bumped out of the S&P Dow Jones Indices on Friday, May 25, due to changes in capital requirements in the S&P SmallCap 600. Adding insult to injury to the company were the recent loss of three board members and an investigation into whether it is violating federal securities laws. Its larger competitors, Walgreen Boots Alliance Inc. (WBA) - Get Walgreens Boots Alliance Inc Report and CVS Health Corp. (CVS) - Get CVS Health Corporation Report  were impacted and their stocks were down by 1.38% and 2.21% respectively. Fred's shares closed down 8% during trading, but then rebounded more than 3% in after-hours trading


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