The Retail Wars are Escalating
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 18 May 2015
⏱️ 22 minutes
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Summary
Ascena Retail buys Ann Taylor for $2.1 billion. Wal-Mart takes a page from Amazon’s playbook. And Google ramps up its e-commerce game.
Transcript
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| 0:00.0 | Monday, May 18th. Welcome to Mark Fulry. I'm Chris Hale joining me in studio today for a million dollar portfolio |
| 0:07.8 | Jason Moser. Happy Monday. Happy to be here. Taylor Markerman, we're giving him the day off because you know what it's his birthday today. |
| 0:14.0 | Is it really? I didn't know that. Yes, it is Taylor's birthday. |
| 0:17.0 | So that's funny. I saw him walking through the office earlier and I know we have sort of this, |
| 0:22.0 | I mean I don't know how strongly |
| 0:24.3 | they enforce it but you're supposed to not come into work on your birthday you're |
| 0:29.2 | supposed to take the day off I have violated that rule many times my birthday is a day after Christmas actually |
| 0:34.9 | interestingly enough but with Taylor I saw him in the office just earlier so I'm |
| 0:38.2 | wondering was he just mosey and through to get something or was he I got to I think he's sticking around so but but like you I usually violate that |
| 0:47.0 | rule but but this year I just decided no no I'm actually gonna because I think the |
| 0:50.9 | company just encourages. Yeah. |
| 0:53.0 | It's not a, we're going to wag our finger at you if you're here. |
| 0:56.9 | But it's like, hey, it's your birthday. |
| 0:59.7 | Take the day off. |
| 1:00.7 | Yeah, sometimes I do. |
| 1:01.7 | Sometimes I don't. I guess it just depends on what's going on. |
| 1:04.0 | The nice thing at that time of year, this place is just dead empty. So you can come in and get a lot of work done at that point. |
| 1:10.0 | At your birthday time. Yeah, it's like the end of the year. |
| 1:12.6 | Yeah, the week between Christmas and New Year's is just... This place is a ghost down. |
| 1:19.6 | Yeah, well, happy birthday, Taylor. We're going to talk retail today in various forms, but let's start with the merger of the day, |
| 1:29.4 | which is in fashion retail. Anne Taylor, or I should say, and |
| 1:33.0 | and Taylor, or I should say Ann Incorporated, which is the parent company of |
... |
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