Major Retail Collapse Could Lead to a Thrift Boom
Bloomberg Tech
Bloomberg
4.4 • 69 Ratings
🗓️ 20 May 2022
⏱️ 45 minutes
🧾️ Download transcript
Summary
Bloomberg's Taylor Riggs, in for Emily Chang, breaks down the continuing stock plunge in retail and e-commerce but could this lead to a boom in second-hand apparel? Plus a look at which tech companies will bode well even with stagflation worries.
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Transcript
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| 0:00.0 | Join Stacey Abrams, Leib Shriver, Gina McCarthy, and more of the planet's environmental |
| 0:06.2 | leaders and problem solvers for the Bloomberg Green Festival in Seattle, July 10th to the 13th. |
| 0:12.8 | Title sponsor Amazon, Official Airline, Alaska Airlines. |
| 0:17.6 | Supporting sponsor, Providence. |
| 0:19.9 | Contributing sponsor, Wareyerhauser. |
| 0:22.6 | Get 40% off using promo code Radio 40 |
| 0:26.0 | at Bloomberg Live.com slash Green Festival. |
| 0:32.4 | From the heart of where innovation, money and power collide, |
| 0:35.0 | in Silicon Valley and beyond, this is Bloomberg Technology |
| 0:40.0 | with Emily Chang. This is Bloomberg Technology |
| 0:58.8 | coming up in the next hour. It is a choppy day of trading full of ups and downs the S&P 500 now having the worst two days since June of 2020. |
| 1:08.0 | Plus of course the deal is on well at least according to Twitter. |
| 1:12.0 | We'll get the latest insight from inside |
| 1:14.2 | Twitter as the company says it is not backing down from that 44 billion dollar |
| 1:18.4 | takeover from Milan Musk and its retail stocks slide over ongoing inflation fears, what does that mean for the |
| 1:26.0 | second-hand market? I'll be speaking about that with Threat Up CEO, James Reinhart, including |
| 1:31.6 | why he expects the second-hand market to double in the |
| 1:34.6 | coming years. |
| 1:35.6 | We'll get to all of that in a moment, but first let's get a look at the markets with our |
| 1:39.1 | very own Led Led Led Luddlo and this place I miss most, I left my heart in San Francisco. |
| 1:45.0 | Yeah, I mean it's sunny, calm here in San Francisco. |
| 1:49.0 | The market for some time during Thursday session looks sunny and calm as well. We call it a |
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