[ibd-display-video id=2326830 width=50 float=left autostart=true]The nearly sectorwide slide came in the wake of J. Jill 's ( JILL ) late Wednesday warning that sales were lower than expected, cutting guidance. J. Jill, which came public in March at 13 a share, plunged 51% to 4.86 on the stock market today .
Retail groups were among the biggest losers out of the 197 industries that IBD tracks, including the two worst performers.
Teen bargain-retailer Five Below (FIVE) is testing its buy point after clearing the 54.23 entry from a period of consolidation in late September, slipping 1.8% to 54.99.
Nike (NKE) dipped 0.4% after hitting a 2017 low intraday, as Bloomberg pointed out a 40% flash sale that one NPD analyst calls "unprecedented."
Ulta Beauty (ULTA) is tumbling following a downgrade from Cleveland Research to neutral from buy, citing an expected slowdown in cosmetics and a rise in promotions. Ulta plunged 8.5% to an 18-month low.
Upscale housewares chain Williams-Sonoma (WSM) retreated 3.6% on its own downgrade.
Foot Locker (FL), Gap (GPS) and Macy's (M) were also significant losers, closing down 4.6%, 4.3% and 1.1%, respectively.
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Amazon, meanwhile, hit a two-month high, rising 0.6% as it works on a flat base. And Wal-Mart, increasingly lauded for its e-commerce efforts over the last year or so, advanced 0.4%. Wal-Mart has surged 9% this week, just beyond a buy range after breaking out Tuesday on a bullish online sales forecast and $20 billion buyback.
Wal-Mart is increasingly seen as the brick-and-mortar retailer most likely to hang with Amazon as many traditional chains fall further behind and risk going out of business.
Target (TGT) was another winner Thursday. Shares rose 1.8% after retaking their 200-day line on Wednesday and their 50-day on Tuesday.