Updated from 1:43 p.m. EST

Grocery stocks followed the broader market down Monday despite an uptick in consumer spending for January.

According to the Commerce Department, consumer spending rose 0.6% in January after falling for a record six straight months, driven by a 1.3% rise in purchases of nondurable goods led by greater spending on food.

Stocks didn't react well to the news, however:

  • Safeway (SWY) closed down 1.2% to $18.28.
  • Kroger (KR) fell 1.7% to $20.32.
  • Winn-Dixie (WINN) dropped 3.4% to $9.34.
  • Whole Foods (WFMI) fell 4.8% to $11.57.
  • Great Atlantic & Pacific Tea Co. (GAP) was down 11.1% to $3.62.
  • Supervalu (SVU) was down 2.6% to $15.21.
  • Wal-Mart (WMT) fell 2.4% to $48.04.
  • Costco (COST) fell 3.5% to $48.84.
  • BJ's Wholesale Club (BJ) fell 5.5% to $28.23.