Recent world events have disrupted the strong momentum of retailers on Wall Street that was being fueled by pandemic forces. Managing Partner Matt Katz was quoted in WWD article, “Fashion IPOs Falter, but Retail’s Potential Remains on Wall Street” about the impact of the stock market and the opportunities it created for the retail industry.
Matt describes the market over the past few years “There was this long ride up in the stock market. Everything seemed to be going great everywhere. Wherever you looked the market was rising.”
He continues on to explain the opportunities the stock market created for retailers, “I don’t think COVID-19 created the opportunity. COVID-19 required that narrative. It was a total shock event. Maybe it was retail’s lifesaver. It was an opportunity for healthy companies to parse unhealthy stores. It was an opportunity for real estate to get reset.”
Read the full article here.
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