Retail stocks were punished on January 27, 2016 as fear levels increased over the potential for a border tax.The newly positioned Trump administration is seemingly favoring some form of an import tax and retailers are in the cross hairs if implemented.Bloomberg Intelligence analyst Caitlin Webber is quoted as saying Wal-Mart (WMT), Target (TGT), Best Buy (BBY) and Costco (COST) would face billions of…
Tags: BBBY TGT WMTRetail Sector Unwinds Under The Pressure Of Lesser Sales And Border Tax Adjustment Fears
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