A New Economics - The Collapse of Retail

Recent times are revealing inefficient economic models everywhere. This is not reflective of a temporary drop in demand but a more fundamental shift touching every consumer and industry. For example, during the past decade, which saw tremendous economic activity, the retail distribution of entertainment content was overcome by new models, and the culling is not yet over with. Now comes further reorganization in the retail sector. All major retail chains are unsustainable and demonstrating their ineffiencies - most will not survive with hundreds of thousands set to close this year alone. In the U.S. nearly 19 square feet of retail exists for every man women and child: the number should be half of that. New economic models are sweeping over each and every industry. Hear more from Howard Davidowitz on the state of U.S. retail today.