Are Sports Retailers Doomed?
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 22 August 2019
⏱️ 24 minutes
🧾️ Download transcript
Summary
Nordstrom stock pops 14% after 2nd-quarter profits come in higher than expected. Dick’s Sporting Goods posts a good 2nd-quarter report, but does the future of sports retailers belong to businesses that focus on a single sport? Jason Moser analyzes those stories, as well as Apple’s new credit card. Plus we dip into the Fool Mailbag to offer investing advice for a soon-to-be uncle. (To get 50% off our Stock Advisor service, go to http://StockIdeas.Fool.com.)
Transcript
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| 0:00.0 | It's Thursday, August 22nd. |
| 0:04.0 | Welcome to Market Foolery. |
| 0:05.0 | I'm Chris Hell joining me in studio, Jason Moser. |
| 0:08.0 | Thanks for being here. Say hey. |
| 0:09.0 | We got a couple of retailers. |
| 0:11.0 | Yes. |
| 0:12.0 | We have a couple of thoughts on Apple's latest news. |
| 0:15.0 | Couple of thoughts. |
| 0:16.0 | Couple of thoughts. |
| 0:17.0 | And we're going to dip it in the full mail bag. |
| 0:18.4 | Let's start with Nordstrom. |
| 0:20.8 | Second quarter profits from Nordstrom came in solidly higher than expected. |
| 0:25.6 | The stock is up about 14% this morning. |
| 0:29.3 | Last week on Motley Full Money, you and Ron Gross and I were talking about the retail industry in general and the last |
| 0:35.8 | thing I asked you guys was what's a retailer you're keeping your eyes on for the next six months |
| 0:42.0 | as we right now are in the thick of |
| 0:44.5 | back-to-school shopping and then at the end of the year you got Thanksgiving |
| 0:47.8 | Christmas all the holidays and Ron said Nordstrom yeah and when you look among other things at how Nordstrom is managing |
| 0:56.2 | their inventory they're doing it the right way. |
| 1:00.9 | I think so I mean I'm glad that you said results came in |
| 1:04.1 | solidly better than expectations as opposed to just solid because I would not say |
| 1:08.7 | these were solid results. They were this was an expectation thing I I think that's the market's reaction today. |
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