Usually I stay away from retail stocks including the rising Amazon. There are several stupid management actions recently.
*
I expected Coach and some luxurious retailers would have a tough time.
Partly due to the falling Chinese economy. Partly due to not understand
their own market. Chinese buy a lot of these stuffs. If you do not
believe me, go to these stores in NYC, Paris..., you can see them buying
a lot to avoid paying tariff and help them to boost their social
standing.
When they take out the logo, they make their products not
sellable to Chinese as many Chinese (esp. those to be impressed) do not
know English well.
* Costco was sued. If you look at the marketing
departments of most big companies, you can see many good-looking young
kids. Most do not have common sense and lack of experience. At least
hire a good one to manage them and in this case it is logical to be
sued.
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