My March 2023 blog, Retail Apocalypse-Not, poked fun at arrogant bankers and Wall Street analysts because they got it totally wrong with respect to the outlook for traditional retailing. As you will recall, the conventional wisdom from about 2015 through the end of...
The financial world is bipolar oscillating between extreme fear and giddy enthusiasm, and this tendency is particularly true of industries or sectors that are either in or out of favor. Wall Street’s views are frequently simplistic, one dimensional, and “all or nothing” leaving...
One of the bright spots during the pandemic has been very strong demand for housing and related items as well as a broad array of consumer goods, particularly luxury brands. In recent months, there was concern that retail might experience a weak Christmas...
