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Barron's Streetwise

Retail After the Pandemic

Barron's Streetwise

Barron's

Business

4.71.6K Ratings

🗓️ 3 April 2020

⏱️ 23 minutes

🧾️ Download transcript

Summary

How the coronavirus will accelerate a reckoning for America's stores. Plus, CVS CEO Larry Merlo on testing and telehealth. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Every day that passes and we're subject to Corona restrictions is another day that consumers get used to a couple things.

0:09.0

Number one, they get used to staying at home.

0:12.0

Number two, they get used to buying

0:14.0

buying online and number three they get used to just buying less.

0:19.0

I'm Jack Howe.

0:20.0

Welcome to the Barron Streetwise podcast. The person you just heard is Randy Connick.

0:25.0

He's one of two analysts I spoke with this week about how retail might change

0:30.0

even after the virus is gone. We'll also hear in a bit from Larry Merleau,

0:34.8

as CEO of CVS, the big drug chain,

0:38.3

he's at the intersection of retail and health care.

0:41.3

With me as our audio producer, Meta Lute Soft, hi Meta.

0:44.4

Hey there, Jack. Met I'm told our little podcast is going well out of the gate.

0:49.7

We got some really good reviews. I was happy to see that that I was surprised to open the Wall Street

0:54.5

journal and find a full page ad that had my noggin on it I didn't know it was gonna be

1:00.0

there it's strange to see yourself to see you with a big cartoonish face looking

1:05.3

back at yourself in the newspaper but whoever put that ad there thank you are you

1:08.8

going to frame it jack would that be wrong I'm thinking about it. I bought two copies just in case.

1:17.0

We talked last week about why if you're thinking about putting money to work in the stock market and you're trying to find the bottom.

1:24.8

Stop trying. As long as you're investing for the long term, let's say 10 years or longer,

1:29.6

prices are reasonable enough now.

1:31.8

And I heard passionate responses for and against that

1:35.2

idea. Some people said that's what I've been waiting to hear. We need more

...

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