These Retailers Are Getting Killed by Online Shopping

As seen this holiday season, despite strong efforts from traditional retailers, shoppers are increasingly headed online. Big-name retailers have felt the effect in their same-store sales and earnings outlooks. Target (TGT) - Get Report says holiday sales in stores fell 3%, while sales online rose more than 30%. J.C. Penney's (JCP) - Get Report comparable-store sales declined 0.8% during the holiday period. Kohl's (KSS) - Get Report cut its full-year earnings outlook due to lackluster holiday sales and intense promotions. Macy's (M) - Get Report slashed its full-year earnings estimates. The retailer also says it will close 68 stores by the spring to cut costs. Wells Fargo's retail analyst calls the sector "uninvestable."

This article was written by a staff member of TheStreet.