M - Why Shares of Designer Brands Macy's and Kohl's Opened Higher on Tuesday
Shares of several brick-and-mortar retailers were moving higher on Tuesday morning, following growing investor optimism about the easing of restrictions on businesses in parts of the United States.
Here's where things stood for these three companies' stocks as of 10 a.m. EDT:
Are we past the worst of the coronavirus crisis? Investors are starting to think so after California Governor Gavin Newsom outlined initial steps to ease restrictions put in place to slow the spread of COVID-19 on Monday. Many types of retailers, including clothing stores, will be able to reopen for curbside pickup in California starting this Friday, May 8.