|Bid||2.1200 x 2200|
|Ask||2.1600 x 2900|
|Day's range||2.0675 - 2.2000|
|52-week range||0.2600 - 7.3700|
|Beta (5Y monthly)||3.16|
|PE ratio (TTM)||N/A|
|Earnings date||05 Nov 2020 - 09 Nov 2020|
|Forward dividend & yield||N/A (N/A)|
|1y target est||2.25|
More bad news for the beleaguered brick-and-mortar crowd as Gap (NYSE: GPS) announces plans to close 350 Gap and Banana Republic stores, including about 225 in the next year. Why it matters: Wall Street loved the news, driving up the company's stock, but retail REITs, and those who own them, may not feel the same about the coming gap in those portfolios if these stores are currently their tenants. Why it matters: This GlobeSt.com piece focuses on the Los Angeles market, but I know of at least two such conversions here in little Columbia, South Carolina and can imagine it might look like an attractive repurposing elsewhere.
Costume shops won't be as abundant this year, which could translate into lost revenue for landlords.
Shares of Party City (NYSE: PRTY) had a party today, up 12% as of 1:45 p.m. EDT, after the company announced that it plans to hire approximately 20,000 temporary workers for the Halloween season. Halloween is the most important time of year for Party City. The retailer said it expects to keep on 10% of those workers after the Halloween season is over.