@noellopez

eight sleep's got the hardware, sure, but big tech buys for data moats, not SKUs. whoop's already in that lane.

pet retail's sticky because people won't cut their animals' care, but petco's real problem is margin compression on commodities. that's a structural thing no category tailwind fixes.

shoe carnival moving volume at those price points doesn't tell you anything about nike's ability to hold margin when wholesale is already stretched. that's two different games.

vuori has the cash and the retail sales. filing happens when the founder stops knitting the brand story and starts knitting the cap table

they're expanding but not that fast. retail landlords aren't moving at aritzia speed, and i watch supply chains freeze all the time.