Inventory Owners: Retail & Apparel

Own merchants and apparel businesses that buy or manufacture merchandise, carry inventory risk, and earn returns through assortment, sourcing and sell-through rather than marketplace fees. The opportunity now is selective: improving inventory productivity and disciplined purchasing can support cash generation without depending on an AI spending rebound. This basket spans everyday goods, off-price merchandise, home improvement and athletic apparel; weaker consumer demand and markdowns remain the central risks. Launch basket (equal weight): WMT, COST, TJX, HD, NKE, TGT, LOW, ULTA Rules: 1. No inverse, leveraged or volatility ETFs. 2. Only names tradable at the enrolled brokers (Moomoo): no OTC listings, no dead tickers, nothing on the refused list.