meta_pixel
Tapesearch Logo
Log in
MarketFoolery

Stitch Fix Layoffs, New Test for CVS

MarketFoolery

The Motley Fool

Money, Business, Motley, Business News, Stocks, News, Investing, Market, Fool

4.71.7K Ratings

🗓️ 2 June 2020

⏱️ 16 minutes

🧾️ Download transcript

Summary

Strong e-commerce sales kept Dick’s Sporting Goods afloat in the 1st quarter. Stitch Fix lays off 18% of its workforce, but only those living in California. CVS partner with a robotics company to test prescription delivery in Houston. Motley Fool contributor Dan Kline analyzes those stories and more on today’s episode.

Transcript

Click on a timestamp to play from that location

0:00.0

It's Tuesday, June 2nd.

0:04.0

Welcome to Market Foolry.

0:06.0

I'm Chris Hill.

0:07.0

With me today, our man in Florida, it's Dan Klein.

0:10.0

Good to see you, my friend.

0:11.0

Hey there, Chris, now that we're taping these live on video, we need like backup dancers

0:15.1

or like we need some more pizzazz.

0:17.1

The market foolery band, I think we could make this happen.

0:20.7

I don't have a room in my basement for backup dancers. I don't have a room in my basement for for backup dancers. I don't unless you're talking about

0:25.8

What's that? They could be in another location. Yeah, that's true. That's true.

0:31.9

We've got some retail news. We've got some layoff news and we've got some pretty

0:38.1

interesting news when it comes to self-driving cars. We'll get to all of that. Let's start with the retail and that's Dick's sporting goods.

0:46.0

The first quarter results for Dick's sporting goods was about as bad as you would expect given all of their store closures,

0:52.0

but their e-commerce was up 110%.

0:55.8

That's not nothing. I actually thought their numbers were pretty good.

1:00.4

Their same store sales for the first quarter were down 29.5%. That doesn't

1:06.5

seem that bad given that they largely don't sell essential things. I'm sure there were some people who needed sleeping bags.

1:14.2

There were probably some people who bought tents or other things,

1:17.4

you know, to sleep in the backyard.

1:19.6

Not a lot of vacations going on.

1:21.4

Maybe some people bought a football to throw around. I know my

1:23.7

son and I have done that, but I thought that this bodes well for their future. They

...

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.