Investors are seeking out safer bets in the retail space. Matt Katz discussed shifts he has seen in the marketplace in “Luxury Gets Top Dollar in Wall Street Rush to Safety” in WWD.
He describes the move many investors are making from buzzy brands to safer bets “Money that was in high-growth newer retail models has moved into multibranded holding companies, businesses that have historically been run very, very well. They’re perceived as safer, having more consistent returns to investors as they look ahead to what could be a difficult time.”
Matt continues to describe what sets these companies apart in the market: “These companies have been on many folks’ lists for: What’s the market position? What makes them different? How do retailers who are kind of stuck in the middle with large real estate footprints, how are they doing to drive growth in this market?”
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