12:00 noon-1:00 pm EST on Zoom
November 13, 2023
WHAT'S IN STORE?
Christmas comes but once a year. But when it comes, will it bring good cheer? We seem to have a remarkably resilient consumer, but one who is facing some serious macroeconomic and geopolitical headwinds. Nonetheless, there will be winners and losers as well as strong product categories and weaker ones.
Our Subject Matter Experts, TD Cowen's top-rated Retail Equity Research Team, will share their outlook for Holiday '23.
Topics to be covered include:
What's the overall outlook for Holiday 2023 compared to Holiday 2022?
What macroeconomic or geopolitical factors will impact this Holiday season?
What product categories are expected to show increases or decreases over last year?
What are the hot products this season?
How are online sales vs. in-store sales expected to perform this year vs. last year?
What companies/stocks are recommended/not recommended as we move into the Holiday season?
SUBJECT MATTER EXPERTS
Managing Director & Senior Research Analyst
John Blackledge is a managing director and senior research analyst who covers the Internet and new media sector. Prior to joining TD Cowen in August 2012, he was a vice president covering Internet stocks at Credit Suisse for more than three years.
Before joining Credit Suisse, John spent six years at JPMorgan, where he was a vice president covering the entertainment, broadcasting, and cable/DBS sectors before assuming research coverage of radio, TV, and outdoor stocks. Earlier in his career, he held positions at ABN AMRO, CIBC, and Arthur Andersen.
Managing Director & Senior Equity Research Analyst
Oliver Chen is a managing director and senior equity research analyst covering retail and luxury goods. His coverage of the retail sector has led to numerous industry awards and press coverage.
RMS Members: $10
Date: Monday, November 13
Time: 12:00 noon-1:00 pm EST
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Oliver was recognized on the 2018 and 2017 Institutional Investor All-America Research team as a top analyst in the retailing/department stores & specialty softlines sector. He was also selected as a preeminent retail influencer as he was named to the National Retail Federation (NRF) Foundation’s “2019 List of People Shaping Retail’s Future.” In 2023, he was recognized as an “Outstanding 50 Asian Americans in Business” by the Asian American Business Development Center. Prior to joining TD Cowen in 2014, he spent seven years at Citigroup covering a broad spectrum of the U.S. consumer retail landscape, including specialty stores, apparel, footwear & textiles, luxury retail, department stores and broadlines. Before Citigroup, he worked in the investment research division at UBS, in the global mergers and acquisitions/strategic planning group at PepsiCo International, and in JPMorgan’s consumer products/retail mergers and acquisitions group.
John Kernan is a research analyst covering the Retail and Consumer Brands sector. He joined TD Cowen in 2008 and has been covering the consumer sector for over ten years, which has helped him develop a deep understanding of how to grow and sustain a global brand. His coverage of the retail sector has led to industry awards for stock picking and earnings estimates. He has press coverage from CNBC, Bloomberg, Financial Times, Barron’s, The Wall Street Journal and others.
Richard Baum is the Managing Partner of Consumer Growth Partners (CGP), a private equity investment/independent sponsor and advisory firm with an exclusive focus on middle-market specialty retail and non-perishable branded consumer products companies. Richard is President of the Retail Marketing Society.