“We’re back to an environment where retailers can run their businesses. Beginning of COVID there was no supply chain, so there was no availability. It didn’t matter how good you were at predicting demand, you were at the whim of whatever product made it through the containers. That’s no way to run a business. There are no winners and losers there.” I joined Yahoo Finance speaking about the state of luxury consumer brands, and what to expect from these companies during earnings season.
Steven Weiner
10mo
Key insight that management's ability to execute is back in the driver's seat for retail success. As you've highlighted, Tapestry is taking fast advantage by securing brands with predictable cash flow and strong customer resonance, while balancing with more strategically-aligned luxury names.
Iram Blajchman
10mo
Great stuff as always. My fav sentence is "companies that are good at understanding their consumer and predicting inventory accordingly will win". Just love the boil down of what it takes to be good in the consumer goods business.
Ken Pilot
10mo
Simeon Siegel, CFA love the simplicity of your statement/summary. Buying demand is costly. Building a brand and sustaining it is costly. But well built brands manage the test of time and economic cycles.
Vyra Scher
10mo
Love this! Your posts are always so insightful, Simeon!
Great insights, Simeon!
Managing Director, Senior Analyst, Board Member
10moWatch the full interview here: http://spr.ly/6043PioLx