For all that the slump in technology stocks has headlined a treacherous year for global equity markets, there’s one sector that’s faring even worse.
The MSCI World Retailing Index, which includes the likes of Target Corp., Zalando SE and Amazon.com Inc., is on track for its first negative year since 2008. The gauge was down about 29% in 2022 through Thursday, surpassing even the 24% decline of the MSCI World Information Technology Index.
