Retail Had an Uneven Week as Earnings and Announcements Rolled In

Party City and Ann Taylor parent Ascena provided concerning updates

Retail had a bit of a mixed week, with discounters Dollar General and Dollar Tree emerging as clear winners with comparable sales increases. However, concerning news from Ann Taylor and Loft parent Ascena and a proposed debt for equity swap from Party City both served as reminders that there are still several retailers figuring out how to survive the impact of store closures due to Covid-19.