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Tag: shuts

Coronavirus shuts restaurants in China, sending Luckin, Starbucks shares lower

Wary of the coronavirus, crowds of people wear surgical masks. In light of a deadly virus outbreak in China, Hong Kong citizens wore surgical masks in fear of contracting the flu. Willie Siau | Getty Images Restaurant stocks fell Monday amid mounting concern about the Wuhan coronavirus and its impact on the global economy. The …

Coronavirus shuts restaurants in China, sending Luckin, Starbucks shares lowerRead More

These retailers could be winners as Pier 1 shuts 50% of its stores

A Pier 1 Imports store in New York. Craig Warga | Bloomberg | Getty Images Store closures by Pier 1 Imports could mean good news for other retailers that sell home furnishings and other knickknacks. Pier 1 announced earlier this month that it intends to close up to 450 locations, or almost half its fleet …

These retailers could be winners as Pier 1 shuts 50% of its storesRead More