Why Brick-and-Mortar Retail Stocks Are Rising Today
Shares of several brick-and-mortar retail chains were rising on Friday, after news about a potential treatment for COVID-19 drove a broad-based market rally.
Here's where things stood for these companies' stocks as of 2:15 p.m. EDT:
Brick-and-mortar retail chains -- particularly those focused on apparel, footwear, and accessories -- have been hard-hit since the outbreak of the novel coronavirus in North America. Retail-focused investors know that it's easy to understand why: Most physical stores were closed in March, depriving these companies of the majority of their revenue -- and leaving them with sizable seasonal inventories.
Source Fool.com
