REITs & Retail
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 8 July 2020
⏱️ 17 minutes
🧾️ Download transcript
Summary
Shares of Levi’s fall on rough 2nd-quarter results and Brooks Brothers declares bankruptcy. Chief Investment Officer Andy Cross analyzes the changing retail landscape, consumer spending habits, and the impact of rising savings rates. Plus we dip into the Fool Mailbag to discuss the role of REITs and real estate investing when building your portfolio.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | It's Wednesday, July 8th. |
| 0:04.0 | Welcome to Market Foolery. |
| 0:05.0 | I'm Chris Hill with me today. |
| 0:07.0 | It's the Chief Investment Officer, Andy Cross. |
| 0:10.0 | Good to see you. Chris Hill, good to see you as always. |
| 0:12.0 | Thanks, man. We're going to talk real estate investing. you. shares of Leavis down 8% this morning after second quarter sales fell more than 60%. |
| 0:27.0 | There's a lot going on with Leavis and the including some layoffs we'll get to those but you know this was one of those situations where |
| 0:34.9 | the online sales just could not make up for the fact that Levi stores were closed for roughly 10 weeks |
| 0:42.2 | Yeah, Chris online sales the e-commerce business |
| 0:44.6 | was up 25% and actually in May, the run rate, |
| 0:49.6 | the May growth was up 80% year over year. |
| 0:51.6 | So it was some really nice acceleration. |
| 0:53.6 | This is a quarter, by the way, that captured March, April, |
| 0:56.1 | and May for the most part all those months. |
| 0:58.1 | So really the heart of the COVID pandemic. |
| 1:01.0 | But overall, revenues fell 60% year over year during that quarter. |
| 1:05.0 | Most of their stores were closed. |
| 1:07.0 | I think for up to 10 weeks at a time there. |
| 1:10.0 | So like you said, the e-commerce sales just really couldn't make up for the for the |
| 1:15.9 | lack of the regular retail sales. Lots of just worries about what was happening at |
| 1:22.0 | Levi. |
| 1:22.5 | They entered the year of actually doing pretty well. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from The Motley Fool, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of The Motley Fool and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.