Retail stocks declined sharply today after a series of disappointing sales reports from major retailers. The weaker-than-expected sales figures have raised concerns about the health of the consumer and the overall economy.

Several factors are being cited as potential causes for the slowdown in retail sales, including rising interest rates, higher energy prices, and increased consumer debt. Analysts are also pointing to a shift in consumer spending patterns, with more consumers focusing on essential goods and services rather than discretionary items.

The poor performance of retail stocks is likely to put further pressure on the broader market, which has been struggling in recent weeks amid concerns about inflation and economic growth. Investors will be closely watching upcoming economic data for further signs of a slowdown.