the stores will becomes maller.onvenient places to pick up. >> when you look at all of this, my one reaction when i talk to realtors is we will bulldoze a lot of malls. will we just end up losing? >> i don't know. you have all of this going out. you have the financial crisis from a few years ago that bankrupted 200 different retailers. we are going to redevelop. but, all of these stores are trying to find smaller spaces. every store that is 25,000 is trying to become 5,000. >> do you have a confidence? the permits or some such, can they seamlessly do both? the idea that i can win at bricks and mortar, when at internet --is that a valid corporate strategy? >> for certain types of retail, it is. for the restaurant trade, high-end jewelers, you have to go there. you have to touch it and try it on and wear it. that will never be intermediated. for commoditized products, there is no need to go to the store. >> there is absolutely no alternative. we have used that phrase for years. what is the alternative for leadership?