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Why Michaels Companies Stock Soared Today
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Michaels arts and crafts chain to be sold to private firm for $5 billion
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Retail’s rough 2020 isn’t dragging down the stock prices for six Dallas-area companies
Not much about shopping in a pandemic is fun, but a few retailers are ending this wild ride of a year on a high note.
Hand sanitizer and a sign advising customers to wear masks at the entrance of the Kohl s Medallion Center location on Black Friday in Dallas.(Juan Figueroa / Staff Photographer)
Six Dallas-Fort Worth-based national retail chains are about to close out 2020 with higher stock prices than before most of us heard of COVID-19.
At Home, Michaels, The Container Store and Rent-A-Center benefited from Americans’ pandemic-driven cocooning. Their stock prices all plunged during the initial stay-at-home orders but bounced back beyond where the year started. GameStop and Fossil are also about to end the year with gains in their stock prices.