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Industry Focus

Wildcard: J Crew & Retail Bankruptcies

Industry Focus

The Motley Fool

Interview, Money, Consumergoods, Business, Businessnews, Ceo, Technology, Investing, Stocks, Energy, Fool, Financial, Economy, Healthcare, News, Banking, Motley, Tech, Business News, Investments

4.6854 Ratings

🗓️ 6 May 2020

⏱️ 31 minutes

🧾️ Download transcript

Summary

The preppy retailer has been struggling for a while, but this week J Crew announced it was filing Chapter 11 bankruptcy. We unpack what chapter 11 actually means, how J Crew wound up here, and what other retailers could be in trouble.Stocks: TJX, OLLI, GPS

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Transcript

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0:00.0

Welcome to Industry Focus. The podcast that dives into a different sector of the stock market each day.

0:11.5

I'm your host Emily Flippin. I'm Jason Moser. I'm Nick Saiple. I'm Dylan Lewis. And today we're talking financials. Today we're talking consumer goods.

0:20.0

Wild-Cuck! Wednesday. And we're talking energy. And today we're talking tech. Let's dive in.

0:25.0

It's Wednesday May 6th, Wild Card Wednesday.

0:30.0

We're going to be talking about a scary word bankruptcy because it is becoming up in

0:34.8

headlines a lot over the past few days. I'm your host Don Lewis and I'm joined by

0:38.9

Fool.com's Dan Klein Dan what's going on man? How you holding up?

0:44.6

Ah, not too much. It's just an endless flow of work and trying to figure out what

0:49.1

dinner is going to be. That is that. My life has devolved and pretending I care whether my son does his schoolwork.

0:55.6

Those are really the three tenants of my existence at the moment.

1:00.0

Have they been keeping more or less the same pace with your son's school?

1:03.2

Not particularly and they made the mistake of saying at the beginning that the grades don't

1:07.2

count that it's essentially about like keeping your brain engaged which is more or less like

1:11.6

telling my son like don't do the work.

1:14.0

Like his teachers have emailed me like oh he missed these assignments and I'm like have to go in and be like

1:18.4

and pretend to be really really stern and I just don't care. Like, this is all about survival right now and in most cases he's done the assignment.

1:27.4

He just has it handed it incorrectly.

1:29.6

So yeah, I can't pretend I care if this continues through September, which I fully don't expect.

1:36.6

I assume they'll be back in school in September.

1:39.1

Obviously then I'll have to act like an actual parent, but right now if like he showers every day like

1:44.3

I'm good. Yeah yeah I've talked about it before with a couple of our other

1:48.9

folks that hop on the show but I feel like the divide is whether or not you have kids

...

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