Activist investor who shook up Bed Bath & Beyond and Kohl's says this is the next big retail opportunity

Yahoo Finance2021-06-24

Macellum Capital Management CEO Jonathan Duskin has two very successful, high-profile activist campaigns in the retail space under his belt, and is now shifting his gaze specifically to the ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

cweida
2021-06-25
cweida
Hard to say
thehyde
2021-06-24
thehyde
Good article
Babyreddevil
2021-06-24
Babyreddevil
Hmm
Platypat
2021-06-24
Platypat
Like it a lot
yuppp
2021-06-24
yuppp
Ok
宙斯的爱子
2021-06-24
宙斯的爱子
?

Leave a comment

114

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2145801329?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2021-06-24 09:42","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2145801329","market":"us","top_or_hot":-1,"title":"Activist investor who shook up Bed Bath & Beyond and Kohl's says this is the next big retail opportunity","media":"Yahoo Finance","content":"<div>\n<p>Macellum Capital Management CEO Jonathan Duskin has two very successful, high-profile activist campaigns in the retail space under his belt, and is now shifting his gaze specifically to the ...</p>\n\n<a href=\"https://finance.yahoo.com/news/activist-investor-who-shook-up-bed-bath-beyond-and-kohls-says-this-is-the-next-big-retail-opportunity-190331054.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Activist investor who shook up Bed Bath & Beyond and Kohl's says this is the next big retail opportunity</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nActivist investor who shook up Bed Bath & Beyond and Kohl's says this is the next big retail opportunity\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-24 09:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/activist-investor-who-shook-up-bed-bath-beyond-and-kohls-says-this-is-the-next-big-retail-opportunity-190331054.html><strong>Yahoo Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Macellum Capital Management CEO Jonathan Duskin has two very successful, high-profile activist campaigns in the retail space under his belt, and is now shifting his gaze specifically to the ...</p>\n\n<a href=\"https://finance.yahoo.com/news/activist-investor-who-shook-up-bed-bath-beyond-and-kohls-says-this-is-the-next-big-retail-opportunity-190331054.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NKE","symbol_name":"耐克","start_time":0,"source_url":"https://finance.yahoo.com/news/activist-investor-who-shook-up-bed-bath-beyond-and-kohls-says-this-is-the-next-big-retail-opportunity-190331054.html","article_id":"2145801329","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2145801329","pubTimestamp":1624498951,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Macellum Capital Management CEO Jonathan Duskin has two very successful, high-profile activist campa","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"NKE":"耐克","PVH":"PVH Corp","KSS":"柯尔百货","DKS":"迪克体育用品","WMT":"沃尔玛","LE":"Lands End Inc","RL":"拉夫劳伦","BBBY":"3B家居","TGT":"塔吉特","UAA":"安德玛公司A类股","EXPR":"Express, Inc.","M":"梅西百货","FL":"富乐客","ANF":"爱芬奇","UA":"安德玛公司C类股","SFIX":"Stitch Fix Inc.","GCO":"格涅斯科","AMZN":"亚马逊"},"translate_title":"一位动摇了3B家居和科尔的激进投资者表示，这是下一个巨大的零售机会","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"M":0.9,"WMT":0.9,"UAA":0.9,"UA":0.9,"TGT":0.9,"SFIX":0.9,"RL":0.9,"PVH":0.9,"NKE":0.9,"AMZN":0.9,"LE":0.9,"KSS":0.9,"GCO":0.9,"FL":0.9,"EXPR":0.9,"DKS":0.9,"BBBY":0.9,"ANF":0.9},"content_text":"Macellum Capital Management CEO Jonathan Duskin has two very successful, high-profile activist campaigns in the retail space under his belt, and is now shifting his gaze specifically to the underperforming apparel sector in a bid to find potential money-making opportunities.\n\"The market is entering a period of prosperity for traditional apparel retailers. The time has come when we will see apparel retailers consistently beat [number]s and be revalued higher,\" Duskin wrote in a note obtained by Yahoo Finance. \"In summary, the Amazon / [e-commerce] threat has been met, discretionary spending is set to accelerate with a meaningful tailwind, spending is shifting away from the home, the significant capital expenditure and SG&A spending cycle is over and having stores has suddenly become an offensive weapon. The result will drive earnings and cash flow significantly higher than 2019 and we believe the group will be accorded higher multiples as long-term visibility improves.\"\nDuskin told Yahoo Finance Live the apparel sector has several other positive catalysts lurking, including consumers rebuilding their closets and the kicking in of the child tax credit come the key back to school shopping season.\nTo be sure, Duskin has a solid case that many apparel stocks may be undervalued relative to their future earnings potential on the other side of the pandemic.\nThe Amplify Online Retail ETF — which tracks the performance of apparel brands such as Lands' End and Stitch Fix —is only up 11.8% year-to-date. As for the S&P Retailing Index it's up 12.6% this year. The S&P 500 has notched a 13% gain so far this year.\nMeanwhile, a casual look at price-earnings multiples (PE) in the apparel space underscore Duskin's point.\nFor instance, shares of apparel retailers Abercrombie & Fitch, Gap, American Eagle Outfitters, PVH Corp. and Polo Ralph Lauren all trade at relative discounts to the S&P 500 on a forward price-to-earnings multiple basis. The average discount for these five stocks compared to the S&P 500 from a P/E perspective is about 22%, according to data compiled by Yahoo Finance.\n'We think it's a unique time for retailers, particularly apparel retailers. There is a lot of dynamics that will favor them, much like we saw coming out of the Great Recession. I think apparel retailers are poised to outperform over the next two to four years for a host of reasons. Inventories are low. They learned to do more with less during COVID-19. Stores are now a weapon,\" explained Duskin.\nDuskin's missive follows a successful activist campaign at struggling Kohl's in April. As part of a settlement with Macellum, Ancora Holdings, Legion Partners Asset Management and 4010 Capital Kohl's added three new members to its board. It also expanded its stock buyback plan to $2 billion.\nThe activist says he is searching for new targets. He continues to hold shares of Kohl's.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":122429662,"gmtCreate":1624630630356,"gmtModify":1703842258912,"author":{"id":"3575329601771279","authorId":"3575329601771279","name":"cweida","avatar":"https://static.tigerbbs.com/b4cca1fdd58d7739662f062d01a402cf","vip":1,"crmLevel":5,"crmLevelSwitch":1},"htmlText":"Hard to say","listText":"Hard to say","text":"Hard to say","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/122429662","repostId":2145801329,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":128650802,"gmtCreate":1624514942106,"gmtModify":1703839011677,"author":{"id":"3575945138263255","authorId":"3575945138263255","name":"thehyde","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Good article","listText":"Good article","text":"Good article","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/128650802","repostId":2145801329,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":128866374,"gmtCreate":1624510479798,"gmtModify":1703838848419,"author":{"id":"3579332927794300","authorId":"3579332927794300","name":"Babyreddevil","avatar":"https://static.tigerbbs.com/438adb44f36642e48b170529dfbc5ce6","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"Hmm","listText":"Hmm","text":"Hmm","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/128866374","repostId":2145801329,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":128152822,"gmtCreate":1624507680766,"gmtModify":1703838732566,"author":{"id":"3586910069385777","authorId":"3586910069385777","name":"Platypat","avatar":"https://community-static.tradeup.com/news/4ce9037ef4459431155bfa046089601a","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Like it a lot","listText":"Like it a lot","text":"Like it a lot","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/128152822","repostId":2145801329,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":128119240,"gmtCreate":1624505461280,"gmtModify":1703838669267,"author":{"id":"3585269173201376","authorId":"3585269173201376","name":"yuppp","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/128119240","repostId":2145801329,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":128384165,"gmtCreate":1624502063857,"gmtModify":1703838551304,"author":{"id":"4087482257900820","authorId":"4087482257900820","name":"宙斯的爱子","avatar":"https://static.tigerbbs.com/fc0e6d83a9159fc929382e8ece1c04c9","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/128384165","repostId":2145801329,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":114,"commentSize":22,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.2","shortVersion":"4.24.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2145801329"}