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I will get right to this week’s episode where Ivanhoff and I go through the retail index (fashology continues to lead), Amazon and Landmark, Best Buy, restaurants stocks, Israel, Pepsi and Sodastream, pharmaceuticals, weed…you name it:
I discuss in the episode but it is fascinating to me that as late as last year, retail was supposed to be dead. The mall was a goner. Amazon was going to eat everything.
Today, the retail index is at all-time highs. Best Buy is on the verge of an all-time high. Home Depot and Costco…not dead.
Of course JC Penney and Sears are hanging are on verge of death, but they should be.
Fashology has saved the day. Apple, Nike and LULU are the sex appeal, tech (Best Buy), furniture (maybe Restoration Hardware is a fashology company), and fast casual food are staples. What really could turn on the juice for malls and select surviving retail is Netflix and Amazon taking over the theatre chains. That would be a sweet surge in traffic for a reimagined mall.
As for restaurants, Bloomberg is reporting that spending at restaurants has surged to all-time highs. I think Grubhub, Ubereats, Postmates, Doordash and Domino’s has a huge impact on these restaurant numbers (people spending at restaurants but eating the food at home) but the bottom line is MORE SPENDING overall.
Tesla/Musk gave bears some meat to gather around (I love this post from my favorite millennial Stefan), so this week really did have something for everyone.
PS – As for ‘Goddamn These Millennials’ …Hooters is closing some locations, because Instagram and Snapchat have all the hooters they need?
Also published on Medium.