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Winners and Losers in the Retail Sector
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MoneyAnswers.com’s Jordan Goodman breaks down the retail sector for investors.
- Duration 2:19
- Date Dec 24, 2012
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MoneyAnswers.com’s Jordan Goodman breaks down the retail sector for investors.
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Thank you very much what -- retail sales slowing down a little in this holiday season so.
We want to look at retail companies joins us now is Jordan Goodman from money answers dot com.
And first up Jordan JC Penney which is actually on -- loser is even though -- -- up 4% today.
We think that's right well they have big engines and possibly Ron Johnson who used to run the apple stores came in there he's got really created very creative guys that's right and -- everyday low pricing it didn't work.
OK people so they want their coupon so now.
Basically since Thanksgiving they've changed there they're stripes and that now doing the coupon thing and discounting -- Ron Johnson got a right now well.
Possibly but I don't think that they've been have a long term future actions of this so -- competitive pressure but they're way behind popular front.
Alleys and what you by -- and good point if value proposition and answered the identity is a threat to decline going there to take a look at that the story directly -- hard to figure out all right while another -- Groupon right is on your -- -- -- or -- absolutely well.
This whole kind of online discount shopping for merchants -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- There Natalie and close their books there and everything now they really control they have this tremendous distribution system.
So people buy things of course at the moment you start to pay tax on this map so that's a big other women like -- Kindle.
I don't candles very good at it though they're selling it basically costs ago but they're using as a way to get -- their -- -- there -- -- -- of the what happens to Amazon when they do because congress will pass this when they do have to charge you give them a little bit but people are so used to buying in many cases forty to 50% of sales of their -- -- And that about the big winner but if I can get the same item at a brick and mortar stores that day for the same price once they have to start charging tax and they're gonna have to pay the shipping -- -- -- got a pretty good morning.
Lenient rules can be and that's half of that and independents is its choice as well it's going to be a stock they're gonna go to -- -- -- -- if it takes a little bit off but it's still diapers and -- NN television -- That -- Jordan Goodman money answers dot com good to see George thank them very much gonna have now.