Why Some Brick-and-Mortar Retail Stocks Are Down Today
Shares of several brick-and-mortar retailers were moving lower on Monday, as slumping oil prices and pessimism about the timing of store reopenings drove a broad-based sell-off.
Here's where things stood for these four companies' stocks at the close of trading today relative to their closing prices on Friday.
It's hard to discern a single catalyst behind the selling pressure that hit these four stocks on Monday, aside from general pessimism about the likely state of the post-COVID-19 world. Given that all four companies have closed their brick-and-mortar stores in North America (and in some cases, elsewhere), any sense that social-distancing rules will be extended is plainly bearish.
Source Fool.com
