Consumer

Title Date
TIF/LVMH – Update from CNBC’s Faber on EU Anti-trust Approval Process 2020-09-01
Boxed - Exploring strategic options inc a sale or going public via a SPAC that could value the co at ~$1B (vs. '$600M valuation in 18), according to Reuters sources 2020-09-01
JR's Consumer Daily – 9.1.20 2020-09-01
Retail/REITs - KIM reinstating quarterly dividend at reduced rate (suspended in Q2), notes seeing foot traffic improvements, higher rent collections & reduced rent deferrals 2020-09-01
WMT/TikTok – ByteDance’s founder is reconsidering a sale of TikTik US following China’s recent stepped up regulatory scrutiny of a transaction (BBG); CNBC yday said a deal could be announced today/Tues 2020-09-01
WMT – Announces Walmart+ launch on 9/15 for $98/year 2020-09-01
Consumer – Afternoon Headlines: AAP, JCP, Wish, Unemployment Benefits, Red Lobster, TikTok 2020-08-31
JR's Consumer Daily – 8.31.20 2020-08-31
Consumer – Busy Sat. AM of News: Stimulus, Consumer Spending/NPD, WMT/TikTok, COVID Rapid Tests, California Reopening/Retail, Cruise Lines, Jobs/Unemployment, 3rd Party Marketplace Liability, etc. 2020-08-29
Consumer – 2 Surprising Things This Week: Aug SSS Trends Hold Up Well + July Personal Income Sequentially Improved/Savings Rate Barely Declined; Thoughts On Sept. Tailwinds For Retailers, 3 Next Big Catalyst & COVID Rapid Tests Wildcard 2020-08-29
Retail/Back-to-School – Recap of BTS Earnings CC Commentary (5 Takeaways) + NPD’s Back-to-School Tracker Shows An Improvement Through August 2020-08-28
CL – Got Some Questions, Here Is What Sarah Eisen Said on CNBC (doesn’t really say much tbh) 2020-08-28
WMT/TikTok – Interim CEO V. Pappas Interview on CNBC (pre-mkt) + TikTok F20/21 revs projections from late July Reuters article 2020-08-28
BIG – Key Conf. Call Takeaways; July +HSD% w/Aug seeing an acceleration 2020-08-28
JR's Consumer Daily – 8.28.20 2020-08-28
WMT/TikTok – Friday AM incremental tidbits in news article 2020-08-28
PG – Proxy hits w/Peltz remaining listed as a Nominated Director for 2020 meeting. 2020-08-28
KO – Announcing Structural Reorganization inc. a Large Workforce Reduction 2020-08-28
Consumer read-through – Interesting note from J. Farmer Analyzing State-by-State Unemployment Benefits & The Fiscal Cliff/Slope (relevant for other cos w/skewed geographic exposure, even outside Restaurants) 2020-08-28
BIG - EPS at high-end of 6/26 preannc despite stronger topline/GMs as co paid out incremental $10M bonuses not in 6/26 guide; Inventories clean; QTD 'strong start'; will provide update at Sept-end when has better visibility on Q3 2020-08-28

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