The Bargain Bin

Carl Icahn take note: There are a lot of bargain stocks in the retail sector right now.

CARL ICAHN TAKE NOTE: There are a lot of bargain stocks in the retail sector right now.

Fearful of a slowdown in consumer spending, retail shares tumbled on Tuesday after a bleak report by the Commerce Department and a steep loss from Citigroup Inc.

As a result, the Dow Jones Industrial Average fell 2.2 percent to 12,501.11, while the broader S&P 500 slid 2.5 percent to 1,380.95. The S&P Retail Index dropped 1.9 percent to 364.83.

Coldwater Creek announced after market on Monday that it would miss fourth-quarter expectations, sending shares free falling more than 27 percent to a 52-week low of $3.63 in early-morning trading Tuesday. When the dust cleared, the retailer rebounded slightly, closing down 25.1 percent to $3.86.

New York & Co. also slashed fourth-quarter earnings guidance, sending shares of the women's apparel retailer plummeting 22.9 percent to close at $3.87. The firm said it expects earnings in the range of 15 to 19 cents a diluted share, down from previous guidance of 23 to 32 cents a share.

Many retail stocks are now trading below $10. Here's a list:

Retail Stocks Are Now Trading Below $10
Bebe Stores Inc.$9.20
Bon-Ton Stores$5.68
Christopher & Banks$8.54
Circuit City$3.60
Charming Shoppes$4.44
Chico's FAS$6.71
Casual Male$3.66
Coldwater Creek$3.86
Dress Barn$9.52
Eddie Bauer$6.44
Finish Line$1.72
Foot Locker$9.84
Finley Enterprises$1.25
Gander Mountain$4.27
Hot Topic$3.96
Haverty Furniture$8.11
Jo-Ann Stores$9.15
99 Cents Only$6.32
New York & Co.$3.87
Pier 1 Imports$4.56
Rite Aid$2.13
Red Envelope$3.53
Restoration Hardware$3.93
Retail Ventures$5.28
Shoe Pavilion$0.91
Sharper Image$2.32
Stein Mart$3.81
Wilsons Leather$0.78
Wet Seal$2.27