Good morning.
No, it’s not a mythical creature from a game of Dungeons & Dragons or Lord of the Rings. It’s a term for Organized Retail Crime. And it’s on the rise.
Pandemic-era mask mandates have made retail theft substantially easier. And some jurisdictions such as in San Francisco have eliminated any criminal penalty or law enforcement resources for thefts under $950. That’s caused a number of retailers to flag organized thieves, but at the cost of millions in inventory losses, including some who hit up multiple stores in some areas looking for items to resell cheaply online.
The latest victim? Best Buy (BBY). The electronics retailer saw shares get crushed yesterday despite strong earnings, as ORC led to lower profit margins at company stores. There’s likely no quick fix, especially as local politics are involved. But investors should consider the prospect of ORCs when looking at investments in retail-oriented companies.
Now here’s the rest of the news:
How Evergrande Contagion Plays Into Gold’s Price
China’s property developers are defaulting right and left in a slow-motion collapse. This problem is bigger than it sounds, and may have global consequences. Here’s how this impacts gold’s price… [Read Here]
November 24, 2020
Good morning.
From the rising number of early holiday decorations out, it’s clear that folks are ready to change things up. That’s party from spending so much time at home this year. That early holiday cheer is clearly on display in the markets as well.
The kickoff season tends to be good for stocks. It can be better for some areas, such as retail. It tends to be seasonally a bit worse for other areas, such as oil, given a drop in driving trends. No doubt this year will have its own unique twists. But it’s clear that everyone is ready for the good cheer of the holiday season this year.
Now here’s the rest of the news:
November 24, 2019
DarrenDaily
“A Dangerous Belief We Have to Abolish”
Do you have a belief or two you’re carrying? 🙂
