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Stock impact report

Is there a case for investing in retail right now? [MoneySense]

Gap, Inc. (The) (GPS) 
Last gap, inc. (the) earnings: 3/12 04:15 pm Check Earnings Report
Company Research Source: MoneySense
Photo created by freepik - www.freepik.comReitmans. JCPenney. Pier 1. True Religion. J.Crew. Neiman Marcus. These are just a few of the retailers that have filed for bankruptcy in 2020—and could become names no one mentions again. Everyone knows that retail has been ravaged by COVID-19, but it’s still wild to see how many big brands have fallen apart. The destruction will only continue: With more than 40 million Americans and more than 3 million Canadians out of work, consumer spending will be weak for months, if not years, causing many more retailers to go out of business.If you’re a diversified investor, there’s a good chance you own a retail stock or two. Maybe you bought Gap Inc. stocks years ago after going on a khaki-pants-and-white t-shirt shopping spree, or perhaps you purchased Macy’s in 2016, thinking the venerable department store would truly turn itself around. Yoga lovers surely have some Lululemon in their portfolio. Not a stock picker? Then your funds likely have some r Show less Read more
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