Category Archives: Best Buy
“I Was Expecting Many More People”: Black Friday Tumbles To 3rd Spot In Busiest Shopping Days Of The Year
It has been an odd year for retail: with an estimated 6,000 store closures, and 65,000 fewer retail jobs than at the start of the year, many have said shorting retail, and especially malls, is the next “big short” trade. Indeed, one look at the performance of the mall heavy CMBX 6 BBB- tranche confirms […]
America’s New “Trick”To Beat Black Friday Crowds: Wear Employee Uniforms
US shoppers’ lust for Black Friday bargains this year has reached absurd new levels, evidenced by a viral joke that morphed into a disturbing new trend to help shoppers beat Wal-Mart and other big box store crowds by disguising themselves as temporary holiday employees. It started when Twitter user @OverlyLiked announcing he would be selling […]
Malls Swap Retailers For Gyms And Restaurants In Last-Ditch Bid For Survival
With a record 8,640 retail stores expected to close in 2017, American malls are desperate to draw in customers as America’s retail apocalypse leaves them littered with empty store fronts. Now, some are experimenting with a model that worked for some movie theaters: Invest in restaurants and popular amenities like rock-climbing walls to sell customers […]
Global Rally Fizzles After “OPEC Shock” In “Slow Risk-Off Session”
S&P futures were fractionally lower from yesterday’s record high as European stocks declined and Asian stocks were mixed, pressured by yesterday’s 5% plunge in crude after OPEC unexpectedly “failed to surprise” markets, and announced the bare minimum supply cut extension that was expected by oil traders, who in turn puked long positions. It wasn’t just […]
Dow Hits 20,600 After Trump Hints At “Massive Tax Plan”
Trump did it again: one week after he promised to unveil “phenomenal” tax cuts, moments ago in his meeting with retail CEOs, who are meeting with the president to get him to kill the border adjustment tax idea, he pulled another OPEC, using the precise word the algos were looking for, and this time said […]
The Silent Terror Of The FBI – Could The Fourth Reich Happen Here?
Submitted by John Whitehead via The Rutherford Institute, “After five years of Hitler’s dictatorship, the Nazi police had won the FBI’s seal of approval.” – Historian Robert Gellately “Adolf Hitler is alive and well in the United States, and he is fast rising to power.” – Paul Craig Roberts, former Assistant Secretary of the […]
Retail Sector – Doomed as Doomed Can Be
From the Slope of Hope: Being an equity bear has been brutal for, oh, nearly eight years now. With the S&P up about 250% since bottoming in March 2009, equities have been, on the whole, raging higher, with some sectors in particular benefiting tremendously from the Trumpgasm. One area, though, seems to be recognizing a […]
Apple Watch Sales Tumble 55%
Tim Cook’s first major, standalone product is a flop. According to the latest IDC data, sales of the Apple Watch plunged by 55%, from 3.6 million a year ago to just 1.6 million in Q2. The sharp decline in sales of a product that many “expert analysts” had staked would result in a “wearables” revolution […]