Robinhood Snacks - 🛍 TJ Max beats retail-apocalyse

When you hit TJ Maxx, Marshalls, and Home Goods all in the same day

 

 

Dow Jones

26,958 (-0.46%)

S&P 500

3,116 (-0.38%)

Nasdaq

8,981 (+0.17%)

Bitcoin

$8,808 (-5.94%)

10-Yr US Treasury

1.335%

Hey Snackers,

The GIF vs. JIF debate is finally over: peanut butter legend Jif is releasing a GIF peanut butter with a hefty serving of "HARD g pronunciation." In case it wasn't clear enough, it's labeled as "animated looping images." Hats off to marketing.

Stock indexes continued their dip as the White House started discussing coronavirus defense measures at home.

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TJ Maxx crushes sales by offering America "affordable splurge" vibes

THE TAKEAWAY

TJX is all about embracing the "affordable splurge"... The bargain-reputation is TJX's bread and butter — it's not trying to hide its love of price-slashing. TJX's CEO: "What once, maybe, wasn't as cool to give a T.J. Maxx or Marshalls bag has now become very cool." Okay, very cool might be an overstatement, but... you get it. As economic inequality rises, Americans are turning to TJX for brand names, at a discount.

Ride

Pony gets $400M from Toyota to develop self-driving cars

THE TAKEAWAY

Getting ahead of the curve is key... Self-driving cars could be the future, and no company wants to miss out on the future — especially the world's most profitable car company. Instead of wasting time trying to develop its own robocar tech, Toyota (and several other carmakers) are investing big in existing startups:

• Ford: Invested $1B in self-driving tech startup Argo AI and acquired mobile robotics company Quantum Signal.
• GM: Purchased Cruise Automation for over $1B back in 2016, and it's reportedly worth over $19B now, with Honda and Softbank as co-investors.

What else we're Snackin'

• Sobering: Liquor legend Diageo believes it could make $258M less profit this year because of Coronavirus' havoc on its Asian business
• Cheesier: Chipotle started a buzz with carne asada — now it's introducing a fancy new 13-ingredient queso: "Queso Blanco"
• Bye-er: Bayer's chairman will step down in the middle of the Roundup herbicide legal fiasco — the company's got thousands of ongoing lawsuits after its disastrous Monsanto acquisition
• Grounded: Delta temporarily cuts flight to South Korea as coronavirus cases in the country rise over 1,260
• Lift: Fitness startup Tempo raised $17M to be the Peloton of barbells — you won't need a spotter, but the screen will run you $2K

The Snacks Daily Podcast

Outdoor Voices changed the game in athleisure (made you want to wear it to work) — Now its iconic CEO is stepping down.

Our daily podcast is looking at why Lululemon's thriving, but Outdoor Voices is struggling in athleisure's epic era.

⬇️ Click below to listen ⬇️

Snack Fact Of the Day

Seattle tech workers earn 56% more than NYC finance workers — they make an average $5,367/week, while NYC's financial employees average $3,437/week

Thursday

• America's 4th quarter GDP Report
• Earnings expected from Budweiser-owner AB InBev, Workday, Keurig Dr Pepper, Beyond Meat, and Live Nation

Disclosure: Authors of this Snacks own shares of Lululemon and Beyond Meat

ID: 1102648

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