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 …
Read More »Macy’s, Nordstrom, Kohl’s shares are up after announced retail numbers in July
Department store vendors received a boost on Friday when the latest government data showed a 1.2% increase in U.S. retail sales. Nordstrom Inc. JWN, + 3.04% shares up 5.8%; Kohl’s Corp. KSS, + 3.19% stock was up 6.6%; and Macy’s Inc. M, + 4.80% shares jumped 9.3% on the news. …
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