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Retailer Apocalypse
Dick’s Sporting Goods (DKS) was the latest in the retail to space to get hit by the Amazon.com (AMZN) phenomenon. Shares of the sporting goods retailer fell by over 23 percent on the day and are now down nearly 50 percent on the year. The company reported fiscal second quarter results that missed both and the top and bottom line. The stock took athleisure companies down as well,  with Under Armour (UAA) and Nike (NKE), falling 3.25 percent and 2 percent respectively.
The retail space just continues to be a disaster, and the losses in the stock prices over the past 52-weeks are staggering. Shares of JC Penney (JCP) have declined by 65 percent, while Macy’s (M) and Sears (SHLD) are down nearly 50 percent. Staggering.
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Retail Sales
This comes in the face of strong July retail sales reported which showed month over month growth of 0.6 percent vs. expectations of 0.3%. Here are the most interesting facts, from the retail sales numbers. Clothing and Assesscory stores saw growth of +0.2 percent,  Furniture and furnishing +3.8 percent, Electronic & Appliance -1.3 percent, Sporting Goods -4.9 percent, General Merchandise +1.0 percent. BUT…
Non-Store Retailers (AKA E-commerce) +11 percent.Â
….Amazon has been telling us that for some time now.
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Michael Kramer and the clients of Mott Capital own shares of  ACAD & TSLA
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This report contains independent commentary to be used for informational and educational purposes only. Michael Kramer is a member and investment adviser representative with Mott Capital Management. Mr. Kramer is not affiliated with this company and does not serve on the board of any related company that issued this stock. All opinions and analyses presented by Michael Kramer in this analysis or market report are solely Michael Kramer’s views. Readers should not treat any opinion, viewpoint, or prediction expressed by Michael Kramer as a specific solicitation or recommendation to buy or sell a particular security or follow a particular strategy. Michael Kramer’s analyses are based upon information and independent research that he considers reliable, but neither Michael Kramer nor Mott Capital Management guarantees its completeness or accuracy, and it should not be relied upon as such. Michael Kramer is not under any obligation to update or correct any information presented in his analyses. Mr. Kramer’s statements, guidance, and opinions are subject to change without notice. Past performance is not indicative of future results. Neither Michael Kramer nor Mott Capital Management guarantees any specific outcome or profit. You should be aware of the real risk of loss in following any strategy or investment commentary presented in this analysis. Strategies or investments discussed may fluctuate in price or value. Investments or strategies mentioned in this analysis may not be suitable for you. This material does not consider your particular investment objectives, financial situation, or needs and is not intended as a recommendation appropriate for you. You must make an independent decision regarding investments or strategies in this analysis. Upon request, the advisor will provide a list of all recommendations made during the past twelve months. Before acting on information in this analysis, you should consider whether it is suitable for your circumstances and strongly consider seeking advice from your own financial or investment adviser to determine the suitability of any investment.
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