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Tag: GameStop Corp

Victoria’s Secret, JC Penney among retailers closing stores in 2020

Billy H.C. Kwok | Bloomberg | Getty Images The retail apocalypse hasn’t shown a lot of mercy. Year to date nearly 10,000 stores have announced closures, according to Kevin Cody, senior consultant with CoStar Portfolio Strategy. That’s an all-time high, and its a serious blow to the job market in the retail sector. Since reaching …

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Sears, Walgreens among retailers that closed stores in 2019

Micah Young | E+ | Getty Images 2019 has been a record year for store closures in retail. In the U.S., retailers this year have announced plans to shut more than 9,300 locations. That’s up more than 50% from the total announced closures in 2018, which amounted to 5,844, Coresight said. Previously, the record was …

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Retail stocks to watch as Macy’s, Target, Kohl’s report mixed earnings

Retail is set to reverse. That’s the call Mark Newton, founder and president of Newton Advisors, made Wednesday on CNBC’s “Trading Nation” after seeing the SPDR S&P Retail ETF (XRT), which tracks the sector’s top stocks, fall more than 3% week to date in the wake of weak earnings reports from Kohl’s and Urban Outfitters. …

Retail stocks to watch as Macy’s, Target, Kohl’s report mixed earningsRead More