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. 

Continue reading


Source Fool.com