Why These Retail Stocks Are Falling Again Today
Shares of several big retailers were down on Thursday afternoon, a day after a broad-based sector sell-off driven by a slew of credit downgrades and ongoing coronavirus worries.
Here's where things stood for these three companies' stocks as of 2:30 p.m. EDT today, relative to their closing prices on Wednesday:
Here's what these three companies have in common: All three generate much of their revenue via sales in their brick-and-mortar stores, all three have closed those stores for the time being in response to the coronavirus pandemic, and all three are now hoarding cash and hoping to hold on until stores reopen and the economy recovers.
Source Fool.com
