Investor Place | August 24, 2020
Investor Place’s John Kilhefner says that retail disruption “was a theme on many investors’ minds before the pandemic hit”, pointing out that many retailers, including JC Penny and Neiman Marcus, filed for Chapter 11 bankruptcy in 2020. ProShares Simeon Hyman says the pandemic has accelerated the shift towards online retail, citing the second quarter e-commerce food and beverage sales increasing “over 100% from the first quarter, and over 220% over the second quarter of last year” as recently reported by the U.S. Census Bureau. The article features CLIX, which combines a 100% long exposure to retailers that primarily sell online or through other non-store channels, with a 50% short exposure to traditional bricks-and-mortar retailers. See CLIX holdings. (Source: U.S. Census Bureau)
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