Rent is cheap, vacant space is everywhere: Retailers seize the moment to open stores

The athletic apparel retailer Fabletics is planning to open two dozen stores in the U.S. this year, bringing its total to 74. Source: Fabletics For the first time in years, retailers across the country are planning to open more stores than they are closing. From Ulta Beauty and Sephora, to Dick’s Sporting Goods, Five Below … Read more

Stock futures little changed after major averages dip amid rising bond yields

U.S. stock index futures were little changed during overnight trading on Wednesday, after stocks finished the session in the red across the board. Futures contracts tied to the Dow Jones Industrial Average slid 4 points. S&P 500 futures and Nasdaq 100 futures declined 0.05% and 0.01%, respectively. Stocks posted heavy losses during regular trading as … Read more

‘Green’ funds could be hit hard by the short-squeeze, Bank of America says

A woman is reflected in a puddle as she passes a Bank of America branch in New York’s Times Square. Brendan McDermid | Reuters Bank of America has warned that so-called ESG funds could be impacted by the wild trading in markets, and listed the stocks it says are most at risk. Shares of several … Read more

As shoppers buy more of their clothes online, fewer retailers stand to win

A shopper looks through clothes on her iPad device. Source: Twenty/20 Shoppers didn’t go to stores last year to buy new clothes. They stayed at home and surfed the web for sweat pants and pajama sets. And as those new purchasing habits stick, few apparel retailers stand to gain market share, leading to continued store … Read more

Five reasons why Target’s sales growth may be more than a pandemic-related blip

Target retail store in San Ramon, California, May 30, 2020. Getty Images Target delivered another strong quarter on Wednesday and easily surged past analysts’ expectations. That hasn’t kept investors from asking whether the retailer’s sharp growth curve may end when the coronavirus pandemic does. This week, in particular, investors and analysts have sorted through a … Read more

Here are Wall Street’s favorite stock plays if there is an effective vaccine

Traders work on the floor of the New York Stock Exchange on Nov. 4th. 2020. NYSE (This story is for CNBC Pro subscribers only). The stock market was roaring on Monday after Pfizer announced that its Covid-19 vaccine candidate appeared to be more than 90% effective in its phase-three trial, creating a rush of money … Read more

Gap shares up 11% on plans to close stores, focus on e-commerce and off-mall retail

A Gap store in New York, August 2, 2020. Scott Mlyn | CNBC Gap Inc. shares are up more than 11% after the retailer revealed plans Thursday to shrink its store footprint by about 350 stores and switch to a business model that’s driven by e-commerce and off-mall locations. The apparel retailer, made up of chains … Read more

Simon Property shares could be a buy even as the pandemic continues to ravage the mall

Shoppers ascend and descend escalators at the King of Prussia Mall, owned by Simon Property Group, United State’s largest retail shopping space, in King of Prussia, Pennsylvania. Mark Makela | Reuters (This story is for CNBC PRO subscribers only.) Shares of the biggest U.S. mall owner Simon Property Group have been battered along with the rest of … Read more

Here are Goldman Sachs’ top buy and sell ideas for the rest of 2020

A woman rides past the New York Stock Exchange (NYSE) on July 13, 2020 at Wall Street in New York City. Johannes Eisele | Getty Images (This story is for CNBC Pro subscribers only.) The rest of 2020 is a wildcard for stocks with a high-stakes election looming. For investors struggling to navigate the market, … Read more

Wells Fargo has a ‘Covid beta’ portfolio to play positive news on treatment, vaccines

The Fearless Girl statue is seen outside the New York Stock Exchange (NYSE) in New York City, New York, U.S., June 11, 2020. Brendan McDermid | Reuters (This story is for CNBC Pro subscribers only). The recent uptick for the market isn’t about President Donald Trump’s reelection odds or the soap opera of stimulus negotiations, … Read more