Good results from banks and om tomobile manufacturers on Friday are helping European stocks gain, while flash purchase managers index data reveals ongoing coronavirus epidemic struggles for the sector. U.S. Stock futures were moderately high. Stoxx Europe 600 Index SXXXP, + 0.84% According to Factset, the index has risen 0.6% …
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EasyJet aircraft were parked behind a car park at Stansted Airport in the United Kingdom, 3020, 2020. Dan Kitwood / Getty Images European stocks hung on most of the previous day’s gains, as traders waited for Wall Street to return after a three-day break. 1.7% above when US markets were …
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The coronavirus pandemic has widened the gap between winners and losers of retail, increasing the capacity of large U.S. chains that could remain open throughout the pandemic and feed America’s basic needs. The evidence was strong this week when nationwide retailers revealed they were heading out the summer months in …
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Text size Brick-and-mortar retailers make up the bulk of revenue reports this week. Walmart, Home Depot, and Kohl released their second-quarter results on Tuesday, followed by Lowe’s, Doel, TJX, and L Markets on Wednesday. Ross Stores reports Thursday. Non-retail names releasing results this week include Nvidia and analog devices on …
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Off-price retailer Stein Mart Inc. announced bankruptcy on Tuesday amid rising off-price pressures, a retail category that grew for COVID-19. To be sure, Stein Mart SMRT, -37.89% , like many other retailers that have submitted Chapter 11, face challenges even before the coronavirus pandemic. Fiscal losses for 2019 totaled 22 …
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