The Latest: Retailers get hammered in early trading

NEW YORK (AP) — The Latest on retail sales (all times local):
10:40 a.m.
Department store retailers are getting hammered this morning on Wall Street after posting lackluster holiday sales numbers. Macy’s shares are taking the biggest beating, down more than 18 percent in early trading. Shares in Kohl’s are down about 9 percent and Target and Nordstrom are sliding lower.
With low unemployment, rising wages and consumer confidence high, there had been optimism about holiday sales