Benchmark U.S. crude oil for September delivery rose 74 cents to $72.39 a barrel Wednesday. Brent crude oil for September delivery rose 26 cents to $74.74 a barrel.
Wholesale gasoline for August delivery was unchanged at $2.31 a gallon. August heating oil rose 2 cent to $2.16 a gallon. August natural gas rose 7 cents to $4.04 per 1,000 cubic feet.
Gold for August delivery fell 10 cents to $1,799.70 an ounce. Silver for September delivery rose 23 cents to $24.88 an ounce and September copper fell 6 cents to $4.48 a pound.
The dollar fell to 109.99 Japanese yen from 110.72. The euro rose to $1.1843 from $1.1823.7 Retailers That Are Bucking the E-Commerce Trend
Once again it appears that the death of brick and mortar retail appears to be exaggerated. First-quarter earnings are showing that many retailers that rely on in-person traffic for a considerable chunk of their business are seeing a rebound in sales. And many are planning to open stores in 2021.
This isn’t to say that e-commerce is going away. In fact, a common feature for many of these stocks is that they either developed or enhanced their digital footprint during the pandemic.
This special presentation focuses on retailers that are planning to add to their brick-and-mortar footprint in 2021. And some are planning to do so by a substantial margin. Once again, this doesn’t signal a transformative shift in the overall trend, but it does mean that for the foreseeable future, brick and mortar will have some relevance.
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