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-- let's look at the as cities here in the United States America's we've been doing all our along here.
From a retail perspective reflect -- retail consult managing director strategic resource group joins us.
For that because there's been a lot of that we could start the struggles in -- the opportunities I guess but boys have been tough out there locally.
For a lot of different cities and the great thing about having you on birds and notes and talk so much you travel why I have a lot of places check out.
You're you're consulting business how individual retailers are doing what kind of trends are you noticing.
We're noticing as you referenced Connell both.
Locally -- long distance just came from the Goldman Sachs global CEO conference and the -- is.
The food and drug retailers say that.
People can't even afford enough for essentials so for food they're buying at lower price by more private label and buying last.
Same with pharmacy even when they get a prescription -- for not taking the full prescription and Mike to -- CEO Wal-Mart said.
Traffic's up say sales are down.
So but they.
Did she -- great point on leadership and you're you're terrific team discussion with -- turn there are a lot of great leaders that she said the leadership's key.
From the government side in great leadership in terms of entrepreneur -- and we are seeing some really bright lights and in the retail business as a result.
What are the highlights -- you've been on the ground you're traveling around probably staying in some small in big -- things and but small in big hotels as well.
-- the bright spots and ended a lineup with the where the government says in all of these economic.
Reports that we're also seeing them there camp.
Some of the bright spots we're seeing -- the consumable side we're seeing.
Whether it's Cornell University are under a lot of the other universities are the students are creating their own flavors of milk shakes and ice cream and things like that that are being sold commercially.
What's -- turns doing is.
Hi in Lewiston Auburn for every Wal-Mart and -- you're gonna have a source close so in in -- neighboring areas so it's a zero sum game.
But in -- shares it creates so much consumer continuity and loyalties in Cal's point great part of the country.
And it protects the local merchants from the Wal-Mart super center tsunami so Wal-Mart does well.
But the local store survived at the same time and it.
We look at Detroit and buffalo Niagara Falls regions to the worst areas in the country sure both in terms of political leadership.
And in terms of economic fallout but at the same time you have someone like Michael Margolis a new buffalo graphics.
Who uses a symbol of buffalo and everything from cards to T shirts.
To new baby and infant Wear.
Record sales every single year between him and his family -- shipping the product internationally.
So the you do have the entrepreneurial.
Success stories to Cornell on the not a partnership program they're working.
Locally nationally and internationally with.
Swim -- designers like Milan mills whose product was on the cover of Sports Illustrated swimsuit issue three of the 85 years and end up.
Really helping entrepreneur awards who who may be getting beat on their payables by the big department stores.
Develop their own set of -- right.
-- mom and pop local in nature got.
And -- -- but there's also advantages for us for some of the big companies you would think to step in.
And take advantage of the recovery once it comes -- -- talked about Detroit and anybody who it's been Detroit over the last few years and the difference model stories on an office that you just brutal and really is sad.
What's happened that city and it's not just in the last year to as the auto companies have gone under but really.
For a long time it's been on a down turn -- really really tough.
He's not the city that doesn't have by the way have supermarket national chains and what have you Detroit million.
-- what what's gonna happen there -- -- -- the city recover sort tries to you're you're you're completely correct Connell.
If they've had died.
Crime and corruption and for decades.
When that when they need Robocop on Peter Weller product card to come in -- -- -- movie doesn't happen.
AMP supermarkets is thirty vacant supermarkets sites in Detroit.
No one -- committed to your point there isn't a single supermarket within the city limits whether it's a -- -- chain or anything else nobody'll step in and -- this up because there's any restriction against this is nobody feels that's a good business proposition that demands there but fit the crime tired and in that then then it -- Then that demand.
There's there's there's no no profit for an operator take that -- risk and enemies and means is this.
-- is a major hurdle tonight also of all of these government cuts that we're starting -- -- pullback in services is that you have to have a basic level.
A public services that are out there so we don't start to -- asked for and crying and you know unsafe.
Behaviors and then -- puts a crimp on businesses as well right you're not initiated congress if you're dealing with these problems -- is that.
Very fine balance the data keeping Japanese spend a little bit more than you would like to at a price well not balancing a budget.
But as a result you can have people coming in -- bring in business and.
Break Richard Bonnie you're you're you're writing in terms of that and it gets back -- oppression point about leadership.
-- In Detroit with Wayne State University University of Michigan Michigan State if some of the best universities in the country buffalo buffalo does -- between.
Cornell extension university of buffalo.
They could establish the Biotech corn or switch the universities are willing to do present scored at Cornell wants to do his counterpart.
UB wants to do it counterpart and MIT.
Willing to do it.
But the leadership.
Is it is so so constrained -- can grow and in some cases so -- dropped in these cities.
That -- good grasp of the obvious in developing Biotech businesses -- developing engineering businesses developing businesses that'll work locally.
With a little bit of investment and -- any any any good environment.
Where there isn't -- -- the crime -- the corruption.
These Rust Belt cities and in these is is Connell referred to in the pre interviewed.
These cities that are dying could be surviving and thriving yet to -- the separation between the island all the winners and losers but the end for the ones and executed well -- -- prepare themselves in the situation Fargo, North Dakota on earlier this hour.
-- other cities Detroit sure example and there are others that just were not ready for this -- finally heard let me leave you with this is -- What's gonna happen next you've been pessimistic about the state of retail for a while I don't know if you change your mind but -- you know.
The as the economy starts to recover nationally.
Can we see it bounce back in some of these local areas -- -- still a ways off -- think -- are fox forecast.
For strategic resource group was a thousand day retail recession which we -- nineteen months ago sore right 600 days through it.
They're bad 400 days left.
-- to your point of a bounce back though it's also it's also with -- leadership we're seeing.
Apple just revolutionize retail.
Be ahead of Wal-Mart had a best buy in terms of music sales nationally and internationally and in terms of cities you have insurgent mayors.
Like Mickey kerns who's who who's running against incumbent mayor brown in buffalo -- -- that city around you look at.
Cory Booker what he's done against this city machine and in a -- a lot of attention there can't.
-- -- -- -- -- -- One -- -- a become a politician a lot of people think on national scene as well see -- that pans out or not but anyway very.
So it's good to see you thanks for coming likewise in part of this special coverage on the fox team are doing a great job and then 9/11 memorial in -- so many people across the country across from -- -- -- you have that -- important day always we -- have.
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