[The beef 675]
[I'm an image]
âIâm a Kohlâs Cash millionaire.â - Jason
[Read The Beef Online - Click Here](
Hey there carnivores,
Shocker⦠markets were up again despite lingering concerns in the Middle East.
Kohlâs, however, did not have a good day. Like at all.
Keep raging,
Jeff & Jason
[Image]
[I'm an image]
Brick and mortuary
Just a day after Macy's reported an alarming 0.6% drop in comparable sales during the holiday season JC Penney and Kohlâs shared their own dismal earnings in just the latest installment of âwho wants to be a retailer in the age of Amazon?â
Spoiler: it's no one.
The once-mediocre retailers [reported lower sales]( during the months of November and December, two months which traditionally separate the proverbial men from the boys in the retail industry.
You can probably already guess that Amazon is largely responsible for the carnage.
But it certainly doesn't help that other off-price retailers, like Target, are handling the online competition better, leaving the staples of your middle-school back-to-school shopping to die a slow, painful death.
Kohl in your stocking
Back in my day (*yelling at cloud*) going to Kohlâs to get a fresh pair of khakis for the new school year was a rite of passage. But recent data indicates that parents are taking their kids to Target, Marshallâs, and even Walmart *shudders* thanks to a combination of product mix and savings.
And those parents are playing "Santa's little helper" at the same retailers (read: not Kohl's).
That's not all
You might remember that in an effort to boost foot traffic, [Kohlâs inked a deal]( with Amazon to accept online returns in store. The initial pilot at 100 stores saw enough success to roll out to all of Kohlâs 1.5k stores.
Investors had high hopes for the idea so crazy it just might work... but the relationship turned out to be more disappointing than your 2019 bonus, flopping during the all-important holiday season.
The bottom line...
Kohl's truly managed to outdo itself. It's comparable sales for the quarter (which were expected to increase by 0.4%) dropped 0.2%. Kohlâs stock [plummeted 6.5%]( on the news.
It appears that retail is quickly becoming a tale of the haves and have nots. During 2019, shares of Target, Costco and Walmart climbed 82.6%, 42.9% and 22.9% respectively, while the stock price of JC Penney, L Brands and Kohls fell 12.1%, 32.8% and 31.3%.
[I'm an image]
Do you even invest, bro?
If youâre scrambling for an excuse. STOP.
I donât care if youâre âtoo busyâ, âdidnât get a finance degreeâ or âjust canât pull the trigger.â
Check out my (Jeff here) [Bullseye Trade]( strategy. I deliver my highest conviction trade of the week directly to your door (er, email inbox) each and every Monday. JUST ONE.
Oh and Iâll tell you EXACTLY when to get in and when to get out.
[IâM READY TO STOP MAKING EXCUSES AND START MAKING MONEY](
[I'm an image]
âï¸ âCookingâ. California has had just about enough of paying for prescription drugs and [plans to make its own](. In an effort to combat rising healthcare costs, the Golden State would work with generic drug manufacturers to create its own medicine, which it would then provide to citizens of the Golden State. The plan will be a part of the Cali governmentâs new budget discussions and would allow for the government to help control the cost of drugs statewide. *Canada has entered the chat*
âï¸ Bezos Couture. Amazon is planning to [break into]( the concession high-fashion business, according to reports. In contrast to Amazonâs current platform, where brands hawk their wares on a website, luxury brands will have to pay for space within a larger marketplace. So like âInceptionâ but for handbags. Amazon says this will be better for luxury brands, which will have more control over their own, Amazon-based, online presence, including what their space looks like. Anna Wintour could not be reached for comment.
âï¸ Can you take me higher? The stock market is [higher than ever]( after the US and Iran seemingly kissed and made up... for the time being. The Dow jumped 1.5% on the day, while the Nasdaq increased 0.75%. The S&P gave it the old college try, but rose only 0.5% during intraday trading. Part of the US marketâs growth was driven by Google-parent Alphabet. The companyâs shares popped 1.7% after analysts fawned over the companyâs 2020 projections. Since June, Alphabet has seen a [40% rise]( in share price in part because its ad business is set to keep growing in the new year. With the rise, Alphabet closes in on the coveted $1T market cap, with a current valuation of around $980B.
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