LOSS RETAILER YOU CAN SEE
STOCK UP 5 1/2% PREMARKET
TRADING, JOINING US NO I
FORMER CEO OF TOYS "R" US AND
O FORMER VICE CHAIRMAN TARGET
CEO OF STORCH ADVISORIES,.
>> RETAIL LOOKS LIKE MACY’S
FIGURING OUT HOW TO DO ONLINE
BETTER THAN IN THE PAST.
>> WELL, ONLY IS DRIVING FOR
EVERYBODY THEY WERE UP 53%
ONLY STILL DOWN 35% IN SALES
OVERALL FOR THE QUARTER
INCLUDING THAT, 52% GAIN ONLY
YOU SAW TRIPLE DIGIT GAINS
TARGET WALMART, AMAZON WAS
MONSTER UP 43% IN U.S. ONLY SO
ONLY IS THRIVING FOR EVERYONE
MACY’S KUDOS TO THEM BEATING
EXPECTATIONS, EXPECTATIONS
PRETTY DARN ALLOW STOCK DOWN
59% YEAR-TO-DATE SO UP 5%,
STILL DOWN OVER HALF FOR THE
YEAR A LONG STRUGGLE AHEAD FOR
THEM.
>> MITCH ROSCHELLE JUMP?
>>IS MY QUESTION DEALS WITH
THE BRICK-AND-MORTAR DINOSAURS
OUT THERE WHAT BECOMES OF
THEM, BECAUSE I WAS IN
MICHIGAN RECENTLY DROPPING MY
SON OFF AT COLLEGE I DROVE BY
A MALL TWO OF FLOOR ANCHORS
OUT OF BUSINESS WHAT IS
NEAR-TERM LONG-TERM PLAN IS
NEAR-TERM LONG-TERM PLAN IS
THERE A WAY TO HARMONIZE
BRICK-AND-MORTAR, ANY WAY.
>> BRICKS-AND-MORTAR RETAIL --
FIRST OF ALL PLENTY OF WINNERS
MOST IN THE IN MALL TARGETING
COSTCO WALMART, MONSTER WINNER
IN HOME DEPOT, LOWE’S, EVEN
TRACTOR SUPPLIER DOLLAR
GENERAL TONS OF WINNERS,
BRICKS-AND-MORTAR RETAILING SO
MANY LOWERS MALBASED PLAYER
DEPARTMENT STORES APPAREL TWO
TO THREE TIMES RETAIL SQUARE
FOOTAGE THAT WE NEED SOME NOT
EVEN MALLS LOT HAS TO CLOSE,
SO WHAT THE PANDEMIC HAS DONE
ACCELERATE THAT, AS THANK YOU
KNOW PLAYERS HAVE NOT HAD
TRAFFIC THEY NEED SO WE ARE
GOING TO SEE A LOT OF STORES
SIMPLY GO DARK MALLS
REDEVELOPED SOME PROPERTY
GREAT THE MALWENT FIRST
HOUSING RETAIL THOSE AREAS
ARE FANTASTIC MORE MIXED USE
WITH ARE APARTMENTS, OFFICES
GOING TO BE OPEN OFFICES,
PLACES TO GET MEDICAL CARE
THINGS WILL HAPPEN IN THOSE
SPACES.
>> DO YOU NEED A BROAD
REPRICING OF RENTS THAT WOULD
HURT COMMERCIAL REAL ESTATE
COMPENSATES IN ORDER FOR HE
RETAILERS AT LEAST SOME TO
EXIST, RESTAURANTS THEY CAN’T
MAKE A GO OF IT WITH RENTS
WHERE THEY ARE MANY OF THESE
URBAN AREAS.
>> I THINK YOU ARE DEFINITELY
SEEING SOME PULLBACK ALREADY.
THE YOU KNOW ALL DATA SHOWS
THAT, AND DON’T SEE MORE,
THERE WAS A BIG GAP BETWEEN
THE HIGH END LOCATIONS THE
LOWER END, GOING TO COMPRESS
PEOPLE PAYING MONSTROUS AMOUNT
COMING DOWN DEFINITELY
CONTRACTION, THAT WILL BE
SHORT TERM DOWN THE LINE YOU
WON’T NOTICE IT REAL ESTATE
THERE IS A LIMITED AMOUNT
PLENTY OF USES FOR IT SO IF
NOT A MALL TODAY GOING TO BE
APARTMENT BUILDING AMUSEMENT
PARK SOMETHING ELSE TOMORROW
WE HAVE TO LOOK PAST PANDEMIC
IN THAT REGARD NEAR-TERM
ENORMOUS PRESSURE COMMERCIAL
RE LONG TERM REDEPLOYED.
>> WALMART ANSWER LAUNCHING
WALMART PLUS CALLS LESS THAN
PRIME OFFERS THREE SAME DAY
DELIVER FROM STORES ORDERS
OVER 35 BUCKS, WHAT DO YOU
MAKE OF THIS WALMART GIVING A
RUN FOR MONEY, AMAZON.
>> LOOK, AMAZON IS MONSTER
LEADER ONLY WALMART HUGE
LEADER BRICKS AND MORTAR
POORLY GROCERY FROM MY OPINION
AMAZON BOUGHT WRONG GROCER, A
NICHE PLAYER HIGH PRICED
REPUTATION DIDN’T COVER
COUNTRY FULLY CONTINUES TO BE
REAL WINNER WHEN GROCERY MOVED
FROM IN-STORE PICKUP VERY GOOD
FOR THEM, TO HOME DELIVERY
WHERE AGAIN KEEP PUSHING,
PUSHING, PUSHING GROCERIES
AMAZON IS CONSTANTLY LOOKING
FOR WAY TO USED GROCERY MARKET
HAS NOT BEEN ABLE TO DENT
WALMART YET DEFENSIVE
OFFENSIVE MURDER ON WALMART IT
IS A BATTLE FOR THE AGES.
>> WHOLE FOODS FROM MY
EXPERIMENTAL EXPERIENCE MY
OPINION, IN-STORE EXPERIENCE
AT WHOLE FOODS IS JUST
AWFULLY, ACTUALLY GOTTEN WORSE
UNDER AMAZON’S OWNERSHIP IN
