Wall Street didn't like Signet's restructuring plan.
News & Analysis: Signet Jewelers
The jewelry store owner is sharply reducing its mall presence due to the COVID-19 outbreak.
SIG earnings call for the period ending May 2, 2020.
Earnings were a mixed bag, but investors weren't happy.
A number of positive economic developments sent retail stocks flying higher.
Stores are reopening, but is something else going on?
The company will start reopening stores shortly, but investors weren't impressed.
Here's a hint: Malls will soon reopen.
Positive trends for COVID-19 coronavirus and plans for parts of the economy to reopen have these stocks rising.
SIG earnings call for the period ending February 1, 2020.