The Pomp Letter
The Pomp Letter
Retailers Are Suffering And Thriving All At Once
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Retailers Are Suffering And Thriving All At Once

To investors,

We are starting to get data from various companies and industries on the pandemic impact. This is especially interesting as we potentially face a second wave of lockdowns due to the virus in select areas.

Let’s start with retail stores. Macy’s reported a 20% drop in quarterly same store sales yesterday. Although they saw a little over 25% in…

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