Sears Robbed In Broad Daylight
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 5 January 2017
⏱️ 19 minutes
🧾️ Download transcript
Summary
Holiday results for Macy’s and Kohl’s could hardly have been worse. Stanley Black & Decker buys the Craftsman tool business from Sears for a song. Analyst Aaron Bush discusses these stories, the challenge of injecting your own experience into your investing, and Internet-connected toasters.
Transcript
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| 0:00.0 | This episode of Market Foolery was brought to you by Green Chef. |
| 0:02.7 | Start the New Year right by eating healthy and saving money. |
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| 0:12.6 | Go to Green Chef.com slash Fool to get $50 off today. |
| 0:16.6 | It's Thursday January 5th. |
| 0:20.4 | Welcome to Market Foolery. |
| 0:21.8 | I'm Chris Hill joining me in studio today from Motley Fool, |
| 0:24.6 | supernova, and rule breakers, Aaron Bush. Happy Thursday. |
| 0:29.0 | Happy Thursday. Thanks for being here. |
| 0:30.5 | Yeah, happy to be here. We got a bunch to get to today. It's not |
| 0:34.8 | earning season and longtime listeners know when it's like the week or two before |
| 0:39.3 | earning season we're waiting for the news fairy to show up because there's just not much going on |
| 0:44.0 | earning season kicks off next week the news fairy did show up we're also going to dip |
| 0:48.3 | into the full mailbag. Let me start with the retail story by with little bit of context, which is that a month ago |
| 0:56.3 | in the wake of Black Friday and Cyber Monday when there was a big rush certainly by, I don't want to say everyone in the financial media |
| 1:05.1 | but certainly some in the financial media to start giving out report guards |
| 1:09.3 | right then and there for how individual companies were doing in the holiday season. |
| 1:15.6 | On this show, we specifically said, you know what, we're, this is one data point, we're not |
| 1:20.5 | going to know how retailers did until January. Now it's January. Now we're |
| 1:25.9 | getting some of the results and what we're seeing today is pretty darn ugly. Macy's |
| 1:32.4 | announced it is laying off 10,000 employees. |
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