The incoming online shopping tide – scratch that, tsunami – that just swamped traditional bricks-and-mortar retailing has changed America’s shopping landscape forever.
Not only were online sales records broken on Black Friday and Cyber Monday, but they were also broken on Thanksgiving Day. Meanwhile, bricks-and-mortar stores debated even opening on a “family-gathering” day.
While online sales numbers themselves are staggering, the story they tell about changing consumer habits might as well be the last nail in the coffin of left-behind retailers across the country.
It’s no secret that malls are having a hard time in the retail ice-age, and some analysts are saying that this will be the last year for many. Shah Gilani says that they will continue to have a hard time, but there are active investors and hedge funds that see value in the pummeled prices of REIT mall stocks.
On his latest appearance on Varney & Co., Shah shared how malls plan to make to reinvent themselves, when he thinks Amazon.Com Inc. (NASDAQ: AMZN) stock will hit $2,000, and why General Electric Co. (NYSE: GE) is not worth the buy. Click now to watch…
Just ask the few at the Securities and Exchange Commission’s Office of Inspector General, the SEC’s independent watchdog group who police everyone at the SEC, when they filed a complaint against two of their own.
Last year, after whistleblowers in the IG’s office claimed one of their supervisors and a junior subordinate were guilty of “time and attendance fraud” because the “two employees regularly disappeared together for several hours during workdays and engaged in inappropriate conduct in the office,” the unappreciated whistleblowers had to then blow the whistle on the superiors they complained to for retaliating against them for blowing the whistle on their buddies.
If you think superiors retaliating or even threatening to retaliate against would-be whistleblowers could impede investigations the SEC’s supposed to conduct… You’re right.
That’s why so many everyday investors and wannabe rich people follow the people who seem to have it easier. These supposedly smart guys make a ton of money running mega-conglomerates, private equity shops, and hedge funds like kings.
But, beware. When ego gets in the way of what they do and how they want to look doing it, the fallout can be devastating. It damages not only them but the investors riding their coattails as well.
News broke that Eddie Lampert just gave Sears Holdings Corp. (NASDAQ: SHLD) another $60 million lifeline, bringing October’s tally of SHLD handouts to $200 million. But the real story is in what the CEO’s master plan is, now that Christmas is just around the corner for this once-great department store…
On his latest appearance on Varney & Co., Shah Gilani goes into detail on what he sees in store for SHLD, why he thinks Facebook Inc. (NASDAQ: FB) will increase 40%, and how high the iPhone X will take Apple Inc. (NASDAQ: AAPL). Click now to watch…