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With Macy’s (M) and Dillard’s (DDS) off 16% and 18% respectively today, I thought it would be interesting to look at a couple of charts. There is no doubt that retail has been substantially impacted by Amazon and other factors. The S&P 500 has appreciated approximately 75% over the last 5 years while Macy’s and Dillard’s are both down around 30%. Both are also amazingly down 66% from their recent peaks just 2 years ago! This is just an observation on an interesting daily decline in these two large retailers. Neither M nor DDS is held in any client account or personal account of anyone at the firm at this time.