CG: What Will Retailers Do With Billions in Corporate Tax Savings?
Industry Focus
The Motley Fool
4.6 • 854 Ratings
🗓️ 13 February 2018
⏱️ 28 minutes
🧾️ Download transcript
Summary
For years, retailers have paid some of the highest effective tax rates in the business world. With the corporate tax rate reduced to 21%, we look at how major companies are taking advantage of this windfall.
Transcript
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| 0:00.0 | Welcome to Industry Focus, the podcast it dives into a different sector of the stock market every day. |
| 0:06.5 | It's Tuesday, February 13th, and I'm your host, Vincent Shen. |
| 0:09.5 | Joining me via Skype for today's show is Senior Fool.com contributor Adam Levine Weinberg. |
| 0:14.0 | Hey Adam, thanks for being here. |
| 0:16.0 | Thanks for having me on the show, always great to be here. |
| 0:18.0 | You've been busy on a few different segments for industry focus lately. |
| 0:23.0 | Yeah, I think this is my fourth of 2018. |
| 0:26.0 | Very nice, very nice. I'm glad that you're here with us. |
| 0:28.0 | And Fool's, today we're going to start our discussion with news that broke earlier this month before turning our attention to the new tax |
| 0:34.8 | plan and the implications it has for some of our favorite retailers. |
| 0:39.0 | So first up we're going to spend a couple minutes talking about the major retail bankruptcy, the first one really of 2018, |
| 0:45.4 | that's for Bantan stores. |
| 0:47.3 | So they have over 250 store locations spread across 26 states. |
| 0:51.6 | Bantan is one of the larger regional department store |
| 0:54.0 | change in the US. So the company filed for Chapter 11 |
| 0:57.1 | Protection on February 4th. Adam when we actually covered department stores in |
| 1:01.5 | their holiday results last month. |
| 1:03.4 | You spoke briefly about Bantan and how this outcome seemed pretty much inevitable at that point. |
| 1:09.3 | How did Bantan end up in this position? |
| 1:11.8 | So from a high level perspective, Bantant's historical |
| 1:14.8 | strength was being in these rural markets primarily. Smaller towns where |
| 1:21.0 | there wasn't a lot of competition and there weren't a lot of |
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