RH Sends a Warning Sign on the Consumer, and Putting a Number on the Shrink Problem 9/8/23

CNBC's "Fast Money"

CNBC

Investing, News, Business

3.9 • 1.3K Ratings

🗓️ 8 September 2023

⏱️ 23 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Shares of Restoration Hardware posted their worst day since the start of the pandemic after issuing a big warning on the state of the luxury housing market. But is this a canary in the coal mine over the strength of the consumer? Plus shrink has been a big issue for the retail sector of late, and we’ve got the numbers on just how concerned we should be. Fast Money Disclaimer

Transcript

Click on a timestamp to play from that location

0:00.0	Live in the Nasdaq Market
0:02.0	site in the heart of New York
0:03.0	City's Times Square.
0:04.0	This is fast money.
0:05.0	Here's what's on tap
0:06.0	tonight.
0:07.0	Losing its luster, major
0:08.0	warning on the luxury
0:09.0	housing market, sending
0:10.0	shares of RH to their
0:11.0	war states since the start
0:12.0	of the pandemic.
0:14.0	Is this a single stock
0:15.0	problem or a canary in the
0:16.0	consumer coal mine?
0:18.0	Plus, the think on shrink,
0:19.0	retailers blaming the
0:20.0	phenomenon for recent
0:21.0	earnings misses.
0:23.0	But just how big of a bite
0:24.0	is shrink taking out of
0:25.0	the other bottom lines.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from CNBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of CNBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.