Activist Rumble, SummerSlam Stumble
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 23 August 2021
⏱️ 20 minutes
🧾️ Download transcript
Summary
Target preps for the holidays by tripling the number of Disney shops inside its stores. The activist investor battle between Starboard Value and Box escalates. Jason Moser analyzes those stories, as well as the “War On Cash” drama that broke out at WWE’s SummerSlam event in Las Vegas.
Transcript
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| 0:00.0 | It's Monday, August 23rd. Welcome to Market Foward. I'm Chris Hill with me today. |
| 0:06.3 | Mr. Jason Moser. Good to see you. Good to see you. We have a risk factor in the war on cash. |
| 0:13.2 | Less than anyone think we do nothing but cheerlead. One side in the war on cash. We're going to |
| 0:19.0 | re. We're going to talk about the other side today, but we're going to start with retail. |
| 0:27.0 | Last week, we got Target's earnings report and some color from management on how back to school |
| 0:32.3 | shopping is going. Today, we found out what they have in store for the end of the year, |
| 0:37.0 | holidays. Target is planning to triple the number of Disney shops within that target locations. |
| 0:43.6 | This is the store within a store concept that they started in 2019 with Disney with I think |
| 0:49.6 | about 25 locations. They increased it a few at a time, but now they are aiming for more than |
| 0:56.7 | 160 by the end of the year. That is close to 10% of Target's locations. It is. I think this is a |
| 1:04.9 | very shrewd move. I like it. To me, we're seeing this transformation of Target from just a |
| 1:14.0 | department store or a discount retail store to almost becoming like the new version of what a |
| 1:21.4 | mall should be for this next generation. The malls that you and I grew up with Chris, |
| 1:29.2 | I mean, time will tell exactly how that scene shakes out, but it almost seems like those malls |
| 1:36.4 | are becoming like little towns. A lot of these malls, and I think we've seen this |
| 1:40.6 | in language from Simon property group and whatnot. I mean, a lot of these malls are talking about |
| 1:44.4 | being coming, about becoming like destination centers and places where you either go for entertainment |
| 1:49.9 | or even live perhaps. I mean, they're building apartment complexes and whatnot. So if these new |
| 1:54.4 | malls or these malls are becoming like the new little towns, it seems like targets in stores like |
| 2:00.5 | that are becoming sort of the new version of a mall. I mean, we have Ulta with a relationship with |
| 2:06.4 | Apple with a relationship with Target in Disney. Seeing this expansion of this relationship, |
| 2:12.4 | it only makes sense. And I think the timing is right because you're right. They're coming off |
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