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InvestorPlace talks “retailpocalypse” with ProShares’ Simeon Hyman
In an interview with ProShares’ Simeon Hyman, Investor Place’s John Kilhefner says that the “retailpocalyse” is in full gear, noting more than 40 retailers have filed for bankruptcy this year. ProShares Simeon Hyman says the pandemic “has intensified the rate with recent predictions putting 2020’s store closure rate at more than double that of 2019, which was already a record-breaking year.” The article features ONLN, the ProShares ETF that pinpoints retailers that principally sell online or through other non-store channels, and then zeroes in on the companies reshaping the retail space, like Amazon and Alibaba. See ONLN holdings and performance.Investor Place: Sep 9, 2020