Grocery-chain stocks were mixed Tuesday as investors digested the latest retail data.
The Commerce Department said Tuesday that retail sales fell 1.1% in March, which according to
The Associated Press
is the largest decline in three months. Analysts had predicted a 0.3% uptick.
The report did nothing to help retailers like
, which dropped 0.8% to close at $51.12 Tuesday, or
, which fell 2.3% to $45.35.
Among other losers:
BJ's Wholesale Club
, which announced it would begin accepting government-issued food stamp benefits via Electronic Benefit Transfer payments at all of its 180 stores, fell 4.8% to $30.30.
( WFMI) fell 2.5% to $17.94.
fell 2% to $19.72.
fell 0.4% to $14.10.
Great Atlantic & Pacific Tea
( GAP) fell 5.3% to $6.21.
Two stocks defied gravity, however.
shares rose 1.4% to $20.80. And
( WINN) rose 1.2% to $9.65.