Why Retail Stocks Dropped Today [The Motley Fool]
Bed Bath & Beyond Inc. (BBBY)
Last bed bath & beyond inc. earnings: 4/15 04:15 pm
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bedbathandbeyond.com
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Source: The Motley Fool
What happened On another down day for the market, retail stocks were among the biggest losers. The consumer discretionary sector A number of retailers have been forced to close stores and either lay off staff or keep them on payroll while they stay home. Investors are desperately hoping for a lifeline for these brick-and-mortar chains since many could go out of business if they have to keep stores closed for several weeks, especially if a recession Among the retailers whose shares closed Monday down by double digits were Bed Bath and Beyond ( NASDAQ:BBBY Gap NYSE:GPS Casey's General Stores NASDAQ:CASY Image source: Getty Images. So what Almost all brick-and-mortar chains, unless they sell food or other essentials, are seeing a sharp decline in sales these days, especially as many said they would close stores because of the pandemic. Today, Bed Bath and Beyond joined the list as the home goods retailer said it would close all its stores with the exception of buybuy Baby and Harmon Face
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