Shares of brick-and-mortar retailers specializing in upscale clothing were falling on Wednesday, after a preliminary edition of the U.S. Census Bureau's monthly retail report indicated that sales of apparel and accessories fell by more than half in March as stores closed amid the coronavirus pandemic.
Here's where things stood for the stocks of these three companies as of 2 p.m. EDT today, relative to their closing prices on Tuesday.
The Census Bureau report quantified what we already knew: The effects of the COVID-19 outbreak have hit American retail companies very hard. According to the report, overall retail and food-service sales fell 6.2% in March from a year ago. And some sectors were hit much worse.