Why Upscale Retail Stocks Were Rising Today
Shares of several apparel and home-goods retail companies were rising on Monday amid growing optimism about the post-coronavirus future -- and after some new signs that consumers have continued to spend discretionary income online amid the pandemic.
Here's where things stood for these four upscale retailers as of 2:45 p.m. EDT on Monday, relative to their closing prices on Friday.
For investors focused on consumer-discretionary retail, apparel, home-goods, and luxury stocks, Monday was a good day for the group as a whole, likely for several related reasons.
Source Fool.com
