Nike Inc. ($NKE) has experienced a steep decline, falling to its lowest price since the onset of the COVID-19 pandemic, with a drawdown of 64% from its all-time high in November 2021. The stock is approaching its March 2020 crash low. Similarly, Target Corporation ($TGT) is also facing significant losses, trading at a 56% drawdown and below its pre-pandemic peak. Target's stock has dropped to its lowest closing price since the onset of COVID-19, reflecting a broader trend in the consumer discretionary sector, which often indicates economic conditions.