Worries about surging COVID-19 case counts are hitting retailers harder than other stocks Thursday.
News & Analysis: Ross Stores
ROST earnings call for the period ending May 2, 2020.
Nasdaq Today: Ross Stores Stock Rises on Retail Rebound Hopes; Expedia Expects to Endure a Slow Spring
Nasdaq stocks generally followed the market lower, but there were some exceptions.
Temporary store shutdowns are hurting TJX and Ross now -- but they may fare better than other retailers once stores are back in business.
The discount retailer has already drawn down its credit line; now it's tapping the bond market to ensure it has cash on hand to weather the COVID-19 pandemic.
The retailer is preserving cash as uncertainty rises over the exact timing of store reopenings.
With all of its clothing stores closed temporarily due to the COVID-19 pandemic, and future conditions unclear, the retailer is moving to preserve its liquidity.
The retailer seeks to be proactive as business viability declines.
Three well-known discount retailers could face big drops in sales as the coronavirus pandemic sweeps across America.
The discount retailer continues opening new locations, even though it has no e-commerce presence.