Bad News for Traditional Retail
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 21 May 2019
⏱️ 20 minutes
🧾️ Download transcript
Summary
Matt Koppenheffer returns after a far-too-long absence from the studio to share his thoughts on Warren Buffett in the wake of Berkshire-Hathaway’s latest annual meeting. Ascena Retail Group brings a merciless end to the Dressbarn era by announcing the closure of 650 stores, which triggers an ominous statistic for traditional bricks-and-mortar retail. Plus, Matt discusses his work at MyWalletHero (www.mywallethero.com) and why he’s excited about Beyond Meat’s recent IPO.
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Transcript
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| 0:00.0 | Thanks to Sprout Social for supporting this episode of Market Foolery. |
| 0:02.8 | Sprout Social offers businesses an intuitive platform to help build meaningful |
| 0:07.3 | relationships at scale on social. To learn how your brand can create real connection, visit sprout social.com today. |
| 0:15.0 | It's Tuesday, May 21st. |
| 0:19.0 | Welcome to Market Foolery. |
| 0:20.0 | I'm Chris Hill joining me in studio. |
| 0:22.0 | He's been avoiding the studio. He hasn't been in here since last fall. It's Matt Kopinhever. |
| 0:27.0 | As I stumble over your name. That's how long it's bad. I've forgotten how to pronounce your last name. You have to relearn it. It is. It's good to see you. |
| 0:36.0 | It's good to see you too. Home Depot was reporting. We're not talking about that day. |
| 0:40.8 | We're going to save that from like full money this weekend, so check that out. We're going to save that from Motley full money this |
| 0:43.2 | weekend so check that out. We do have some retail news we're going to get to but I |
| 0:46.2 | want to start with this. I was thinking of you recently because in advance of |
| 0:50.6 | the Berkshire Hathaway annual meeting, people were tweeting at me and emailing |
| 0:55.6 | me, posting in the Motley Fool Podcast Facebook group, like, hey, are you going to the Berkshire Hathaway |
| 1:00.7 | meeting? |
| 1:02.2 | And of course, the answer was no. But when I got those |
| 1:05.5 | questions I immediately thought of you because you're like you're the person I |
| 1:08.4 | think of is like oh no the person who goes to those is Matt Copeland. I know you didn't go this time. You've been |
| 1:14.8 | before. But I'm curious what you're thinking these days when you look at Buffett, |
| 1:21.8 | when you look at Berkshire Hathaway, obviously the big news, I would say in |
| 1:28.0 | some order the big news around the meeting this year was the purchase of Amazon shares which Buffett was very quick to say |
| 1:34.3 | it wasn't me right it was one of the fellas one of the fellas Todd or Ted and then |
... |
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