Misplaced Optimism in Retail
L. Brands - What the Holy F*#*?
Read this fascinating Wall Street Journal piece about L. Brands Inc. ($LB) CEO Leslie Wexner and tell us that you don't want to short the sh*t out of the stock.
The gems within are plentiful:
"The internet won't kill stores."
Tell that to the employees of 50 '17 bankrupt retailers and 7000 closed stores.
"The fascination with smartphones will fade."
Right, …