Shares of CarMax (NYSE: KMX) and Designer Brands (NYSE: DBI) both declined by double digits Wednesday morning, while Camping World Holdings (NYSE: CWH) plunged over 20% as retailers of all shapes and sizes prepare to navigate uncharted waters amid the COVID-19 pandemic.
The S&P 500 and Dow kicked off April trading with 3% declines early Wednesday morning, continuing the downward momentum from the first quarter that will go into the books as the Dow's worst quarterly drop since 1987. President Trump didn't sugarcoat anything on Tuesday when he asked Americans to prepare for "a very painful two weeks."