Why Retailers' Shares Got Clobbered Today
Shares of apparel-focused retailers were hit hard on Wednesday, as early sales numbers for March reinforced what many investors already knew: With most stores closed, April will be an exceptionally difficult month for brick-and-mortar retailers.
Here's how things ended up for these three stocks on Wednesday:
Broadly speaking, all three of these companies are dealing with the same issue: With brick-and-mortar stores closed for the foreseeable future, their revenue has dropped sharply. The challenge for all three: Stay afloat until stores reopen.
Source Fool.com
