malach hamovess

A Long and Painful Consumer Slowdown - Barron's Interview

what joe blue collar does will dramatically effect the retail world; there's a lot of retail space out there, regardless of whether it's 30 redundant Macy's or 300 redundant Walmarts.

Sooner or later there will be far more consolidation in the retail space; Macy's will either have to raise additional capital or turn the business over to its bondholders.
Target will survive because of its reasonably clean balance sheet, but other Gen'l Mdse companies will also be forced out of business.

If 15 percent of the retail space in America suddenly reverted to pasture, consumers would still have adequate access to all the goods and services they could ever want