Why Shares of These Upscale Retailers Are Surging Today
Shares of many upscale retailers were up sharply on Monday afternoon, as the market rallied amid signs that the economic impact of the coronavirus pandemic might not be quite as bad as previously feared.
Here's where things stood for these companies' stocks as of 2 p.m. EDT, relative to their closing prices on Friday:
There were several data points that retail-minded investors found encouraging on Monday. Key among them: Online home-goods retailer Wayfair (NYSE: W) said that its revenue-growth rate surged in mid-March, when consumers started staying home -- and has stayed high since.
Source Fool.com
