The collapse of brick-and-mortar retailers has been a prominent investing theme in recent years. And now there's an exchange traded fund levered to the trend.
Simeon Hyman, head of investment strategy at ProShares, said Walmart had 4% topline growth but only 2% earnings growth for its most recent quarter.
"That's better than the alternative, but even those legacy brick-and-mortar retailers that can make a semi-successful transition are going to see tighter margins," he said.
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