What's Behind the Retail Sector's Fall From Grace? NYSE Trader Weighs in

Jonathan Corpina, Senior Managing Partner at Meridian Equity Partners, took a look at the retail sector.
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The retail sector was hit hard after it released holiday sales.

Jonathan Corpina, senior managing partner at Meridian Equity Partners, discussed the retail sector.

Retailers, such as Target (TGT) - Get Report and Macy's (M) - Get Report , fell in morning trading. TheStreet's Martin Baccardax reported on Target's holiday sales. The company said same store sales for the two months ending in December rose 5.7%, well ahead of the 3.4% pace recorded over the same period last year.

Macy's lowered its guidance, according to TheStreet's Tony Owusu, and said it now expects comparable-store sales to increase 2% in the year, down from its previous estimate of between 2.3% and 2.5%. Net sales are now expected to be flat year over year, down from the previous estimate of a 0.3% to 0.7% increase, Macy's said.

Kohl's (KSS) - Get Report shares fell  after the company reported a 1.2% increase in holiday season comparable store sales, down from the roughly 7% growth it reported last year.

Watch the full interview with Corpina here.

Kohl's is a holding in Jim Cramer's Action Alerts Plus Portfolio