Friday, May 31, 2019

See what I mean?

Apparel retail earnings haven’t been this bad since the Great Recession.

Apparel retailers’ earnings, as a group, are down 24% for the first quarter of 2019, according to an analysis by Retail Metrics.

The last time the group’s earnings were this bad was the first quarter of 2008, when they fell 40%.

1 comment:

  1. There was no reason for that video to be more than five minutes long. That is one of the many open secrets in The Valley. And the video makes it seem like they are exposing something that everyone already didn't know. You don't have to work for one of those companies and why would you want to anyway? It's not cool anymore to work for Apple, Google, Facebook or any of those guys anymore. Pixar is still marginally good. But you don't work for Pixar to salary hop. You take a pay cut and agree to give your free time away for the coolness factor.. Just as it is when you work for gaming companies. You just simply don't get top dollar because working there is "cool in itself".

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