Bitcoin is getting slammed today on news that the CFTC announces […]
Wayfair consumer demand is popping, but is it enough?
Wayfair (W) purchase intent update
Wayfair has been one of our favorite corona-plays. Shares rocketed to highs above $340 in the months following a special report in late March, featuring W at $30.
In 20Q3, Wayfair Purchase Intent increased YoY but began softening, falling 9% QoQ.
And oh how the turn tables..
While the timing of 20Q3 suggests another strong quarter, the pace of 20Q4 gives us reason for concern.
Purchase Intent continues to drop at a fast clip, decreasing 50% QoQ.
Watching out for disappointing guidance heading into the Holiday season.
Trend Watch: Mall Shopping
Two mall owners, CBL & Associates and Pennsylvania Real Estate Investment Trust, filed for Chapter 11 bankruptcy protection today.
LikeFolio data reveals the writing on the wall for these companies; consumer mentions of visiting and shopping at the mall have...