Homepage / Investment / The worst is yet to come for retail stocks, says former department store executive Jan Kniffen
$300 Fund On the internet | Immediate On the internet Acceptance | No Credit assessment #4. Personal loans: Best Personal loans Having Poor credit Predicated on Rates Bryant Automobiles To become listed on Forces That have W-K Chevrolet Buick GMC Australia’s Online Online casino: Q7 Gambling Enterprise Just how CAIVRS Declaration Can possibly prevent You from Taking That loan “zagraj W Nowoczesnym Kasynie Onlin Manisa Gazeteciler Cemiyetinden Milletvekillerine çağrı Just how Taxation Bundle Change Inspired Domestic Collateral Financing and HELOCs to own 2018 and you can Beyond What can I take advantage of good 3000 lbs financing getting? One begs the question: is leveraged financing value including to your funding means? Exactly what do the changes Indicate having Federal Education loan Consumers? Pinup-az Online Casino Pin U Jakarta Smile: Klinik Dan Dokter Gigi Family Dental Care Pin Up Yukle Azerbaycan Android ötrü Pinup Apk Yükləyin 2023 School Of Marine Education They often in addition to use up all your adequate credit rating and you can date with the job to generally meet antique financing criteria Are you currently a seasoned Seeking Farming? USDA Can help Up until the drama, he told me, he failed to invest a penny, and you may a frequent underwriter approved ten money Branch is just one of the finest pay day loan apps such as for example Dave available for sale now 8 Software Such as for example Dave to have Quick Cash advances Benefits and drawbacks of a good 401(k) Mortgage Türkiye ve Avrupanın Online Casinosu Giriş Yap In which Do i need to See A reliable Credit card debt relief Company? 4 Reasons why you should Play with an unsecured loan to settle Credit card Personal debt How do you create a narrative article? Lisanslı kumar makineler para için: temel arama parametreleri Are you presently using your offset membership smartly? Just how much Should you Lay out to your a good $20,100 Vehicle? two hundred Buck Financing: How to get Immediate Put Exact same Date? Contrary Mortgage against. House Security Mortgage against. HELOC: That is Greatest? Expected in order to co-sign? What to know prior to co-finalizing a mortgage or financing Best Loans to have Funding a keen Camper Get Verde Casino Értékelés, Ingyen Pörgetés, Kaszinó Bónusz, Legjobb On The Internet Kaszin официального Сайт Онлайн Казин And also as in the list above, the 7a are a highly versatile sorts of financing 2 the fresh new individual-title profit supported by leases hit the market House of Jack Gambling Establishment Review Today the web based retail icon became mixed up in scholar loan sector by itself because of a collaboration that have Wells Fargo What is the Certificate From Qualifications (COE)? YourPayday is another among the many best choice to CashNetUSA to get a hold of online payday loans Searching Student education loans Remark: What you need to Understand What are the results Once you Imagine a loan? Washington FHA Lenders Washington FHA Loan Recommendations 2022 You should make sure When deciding on web site to have an online payday loan Betebet Giriş Adresi 846betebet com Casino X Официальный Сайт Играть В Казино середине Онлайн House of Jack Gambling Establishment Review ASUS Dual GeForce RTX 4070 OC 12GB GDDR6X 192 Bit Beyaz DLSS 3 Ekran Kartı Black Myth: Wukong Hediyeli Казино 1xbet Играть Онлайн бесплатно%2C Официальный Сайт%2C Скачать Клиен Efes Bet Casino: Kazanmanın Garantisiyle Eğlencenin Adresi Efescasino Güncel Giriş Sitesi Türkiye’nin En Büyük Yazlık Konut Üreticisi новые Бонусы В Онлайн-казино За Июнь 2024 Лучшие Предложения ддя Игр Pin Up 306 On Line Casino Başlanğıc Qeydiyyat, Bonuslar, Yukl เข้าร่วมทดลองเล่นสล็อตในเว็บตรงของเราและรับประสบการณ์ที่สนุกที่สุ 2024-ci Ilin Daha əla Qumar Saytları ️ Azərbaycanın Top Onlayn Qumar Veb-saytları Slottica online casino oyunları Игровые слоты в 7к: окунитесь в мир азартных развлечений Kim Гјretiyor oyun makineler: zamanla test edilmiЕџ Гјreticiler yazД±lД±m Kim Гјretiyor oyun makineler: zamanla test edilmiЕџ Гјreticiler yazД±lД±m The dashboard Diet Plan: A Comprehensive Overview How to Examine for Diabetes at Home Just How to Provide Pet Cats Pills: Easy Tips as well as Techniques Essay Writing Tips – How to Write Personal Essays How to Play Free Golf Solitaire Online How to Find the Best Mobile Casinos to Play Mobile Casino Slots Online Gambling Establishments that Approve Mastercard: A Comprehensive Overview Free Slot: A Guide to Playing and Winning Online Online Gambling Enterprise Real Money No Down Payment: A Total Guide The Enjoyment of Online Port Gamings Dealing With Varicose Veins: Efficient Strategies for Relief and also Prevention Comprehending Phase 2 High Blood Pressure: Reasons, Signs, and also Treatment Affordable Essay Writing Service Bitcoin Gambling Enterprises: The Future of Online Gambling Instant Play Online Gambling Enterprise: All You Required to Know Online Slots Real Cash No Down Payment: An Overview to Free Rotates and Perk Uses Neteller Gambling Enterprises: A Comprehensive Guide to Safe and Secure Online Betting Online Online Casinos that Approve Neteller Online Casino Real Cash No Deposit: Play and Win Without Threat Blackjack Gamings for Fun: A Comprehensive Guide Online Gambling Establishments That Approve PayPal: A Full Overview Free Online Casino Games The Safest Online Gambling Sites Sugar Pills: What Are They as well as What Are They Made use of For? Why Are My Veins So Blue? Custom Term Papers – A Great Resource For Pupils Free Online Casino Slots A Review Play Free Blackjack Gamings Online: A Comprehensive Guide The Surge of Bitcoin Online Casinos: A Comprehensive Overview Leading Gambling Enterprises that Accept Mastercard: A Comprehensive Overview Top MasterCard Online Gambling Establishments: A Comprehensive Guide Just how to Detoxification Your Underarms: A Comprehensive Guide Discover the Enjoyment of Free Online Casino Site Games Leading Ports: A Comprehensive Guide to the very best Port Gamings What to Know When Playing a Slot Machine Online The Very Best Online Lending Application in Nigeria Free Online Port Games: A Comprehensive Guide Lidocaine Lotion: Makes Use Of, Benefits, and also Safety Details High Blood Pressure Migraine: Reasons, Symptoms, and also Therapy

Investment

The worst is yet to come for retail stocks, says former department store executive Jan Kniffen

Retail stocks are only going to get uglier, former department store executive Jan Kniffen said Monday.

“I said last year the fourth quarter is going to be the toughest quarter for retailing,” the CEO of consulting firm J. Rogers Kniffen Worldwide Enterprises told CNBC. “It’s not better this year.”

The S&P consumer discretionary sector has fallen about 2.6 percent from one month ago versus the S&P 500’s loss of less than half a percent.

Kniffen said on “Squawk on The Street” that many stores will post bad traffic and same-store sales comparisons this year. Even Black Friday won’t be enough to save many struggling companies, he said.

All of this is being driven by “things going online,” Kniffen added.

Kniffen said he expects many more bankruptcies, including Sears as early as next month, and said more strategic mergers are likely.

In response, Sears said in a statement: “We remain committed to and have taken steps to reduce costs and continue to execute against our transformation.” The statement also said the company is making progress to improve operational performance and to enhance liquidity and financial flexibility.

With the Amazon-Whole Foods deal in the works, retailers are preparing for a “huge battle,” Kniffen said. “We’re going to see online and brick and mortar merge into one big entity.”

“It’s not like Whole Foods was a great business, and yet it still got bought by Amazon,” he added.

The next big disruption in retail may be pharmaceuticals, he said.

Just last week, Walgreens announced plans to buy more than 2,000 Rite Aid locations. It remains to be seen how Amazon might respond, if at all, he said.

“Wouldn’t you go to Amazon to let them full your drugs?” Kniffen asked. “[There’s] no reason that can’t be done online.”

Amazon did not immediately respond to CNBC’s requests for comment.

WATCH: Amazon’s Whole Foods merger a ‘wake-up call’ for grocers: Reddit’s Alexis Ohanian

Source: Investment Cnbc
The worst is yet to come for retail stocks, says former department store executive Jan Kniffen

Comments are closed.