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joe t.: shopping for t.j. maxx. lemonis: t.j. maxx -- what is that customer? -jack: discount.monis: discount. they gonna come here and spend 20 bucks? -joe t.: right. -jed: they do. lemonis: now i want to be clear with you guys. i'm not saying this is a bad idea. joe t.: after this conversation, i don't think it's a good idea, though. lemonis: well, but we don't have the data to say whether it's good or bad. this space, with the variables that we've talked about, scares me. let me talk to these guys for just a minute. jed: okay. lemonis: the problem that i'm having with these guys is they basically just pull [bleep] out of the air. "we'll just go to a location and we hope the rent's gonna work out." you're not gonna do that with my money. we're in the business of building a box, marketing it, polishing it, perfecting it, and then having somebody say, "i'll take one. i'll take one." that's what a franchise is. we are not in the business of leasing space and building [bleep] out. joe t.: and if it happens the way it happened the first time, i'm gonna be sleeping on the bench ove
joe t.: shopping for t.j. maxx. lemonis: t.j. maxx -- what is that customer? -jack: discount.monis: discount. they gonna come here and spend 20 bucks? -joe t.: right. -jed: they do. lemonis: now i want to be clear with you guys. i'm not saying this is a bad idea. joe t.: after this conversation, i don't think it's a good idea, though. lemonis: well, but we don't have the data to say whether it's good or bad. this space, with the variables that we've talked about, scares me. let me talk to these...
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Jun 21, 2017
06/17
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it was the best i've read in a long time about human beings are the reason that t.j. maxxand what you're saying you didn't name all the retailers that are down. >> that would be too long. >> the list would be way too long you didn't list all the ones going broke this year, which is a new report for those who go brother in the first quarter. >> okay, okay, but as courtney reagan has told us many times, the bankruptcies are primarily the results of highly indebted companies generally with private equity sponsors who levered them up says. >> are. >> well, i agree with that, but it -- we're seeing retailers close a lot of stores. most of the reason is the movement online, not necessarily just that they're levered. the levered ones are going broke first, but the movement online is what's causing all the trouble. amazon is really the online business, so i still say between am op and walt mart, grossly is in trouble between amazon and whatever they're going to do with their curated selection that you get shipped to your house, you can ship back, try on in your house, whatever the
it was the best i've read in a long time about human beings are the reason that t.j. maxxand what you're saying you didn't name all the retailers that are down. >> that would be too long. >> the list would be way too long you didn't list all the ones going broke this year, which is a new report for those who go brother in the first quarter. >> okay, okay, but as courtney reagan has told us many times, the bankruptcies are primarily the results of highly indebted companies...
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i think the only group that stands out category-wise would be those offpriced retailers like t.j. maxxa, what's going to happen to all the real estate? >> there's a couple of things. apartments, beer houses, activities for kids, high end suu kyi joints, go cart rides and aquariums. experience is definitely the name of the game and the different types of retailers are coming in. >> left. looking bleak. thank you very much. >> thanks. >> it's any dead head's dream, owning one of jerry garcia's legendary guitar. why this particular item brought an auction price in the millions. you're watching "cbs this morning: saturday." >> announcer: this portion sponsored by toyota. let's go places. ♪ wow. good to know we have that on our prius! ♪ [beeping] ♪ and lane departure alert. see what i mean? with so many safety features like pedestrian detection and lane departure alert, toyota doesn't need us test dummies as much. oh, i get it, man! hey, i gotta get my thrills somehow. the 2017 prius with toyota safety sense standard. toyota. let's go places. (woman vo)o) my husband didn't recognize how tou
i think the only group that stands out category-wise would be those offpriced retailers like t.j. maxxa, what's going to happen to all the real estate? >> there's a couple of things. apartments, beer houses, activities for kids, high end suu kyi joints, go cart rides and aquariums. experience is definitely the name of the game and the different types of retailers are coming in. >> left. looking bleak. thank you very much. >> thanks. >> it's any dead head's dream, owning...
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Jun 22, 2017
06/17
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move in staples and is there anyone in retail who can thrive in -- other than t.j. maxxt? >> well, i think wayfair is a name that we like a lot. that's actually going to be one of the names killing bed bath & beyond, and i think -- >> you picked the internet guy i mean, is there a traditional. >> anything that amazon doesn't sell, so how about home depot and lowe's otherwise amazon's going to retire more people than social security >> look, they also employ -- if you want a job right now, go look at amazon warehouse near you. they are hiring like crazy. >> mm-hmm. >> anyway. that's a whole other story guys, thank you very much. stephanie link and ian winer joining us today to talk about the markets. >>> as we mentioned health care stocks higher after the senate draft proposal of its plan to replace obamacare. let's get to kayla tauschy in washington who has the latest for us kayla. >> it's a modification of the american health care act but the similarity is it's a structure based on tax credits with which people can use to buy their own insurance, but the senate's plan i
move in staples and is there anyone in retail who can thrive in -- other than t.j. maxxt? >> well, i think wayfair is a name that we like a lot. that's actually going to be one of the names killing bed bath & beyond, and i think -- >> you picked the internet guy i mean, is there a traditional. >> anything that amazon doesn't sell, so how about home depot and lowe's otherwise amazon's going to retire more people than social security >> look, they also employ -- if you...
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maxx life. t.j.maxx >>> back now with steph curry, the golden state star giving us an exclusive interview before the first game of the finals tonight and sat down with t.jird year against the cavs, lebron james, that beard. you guys had a lot to talk about. >> we had a lot to talk about, george, of course, this is what it's all about. they're going at it again for the larry o'brien trophy. they're going at it for the right to have this moment with the trophy, right? we've all seen that, mwah, that sweet moment they have after winning a championship. well, we don't know what's going to happen in cavs/warriors three but steph curry who is the baby face of the nba right now, i guess, he certainly has at least one guaranty he can make. >> golden state with a chance to play for their second title in three years. >> reporter: it didn't matter to you necessarily who you play. you're trying to win a championship. but there's a little part of you that doesn't mind getting a chance to go back at the cavaliers. >> pretty good idea it would be cleveland and for us to get back on top, i would say it would be a good feeling to redeem ourselves from last year and know
maxx life. t.j.maxx >>> back now with steph curry, the golden state star giving us an exclusive interview before the first game of the finals tonight and sat down with t.jird year against the cavs, lebron james, that beard. you guys had a lot to talk about. >> we had a lot to talk about, george, of course, this is what it's all about. they're going at it again for the larry o'brien trophy. they're going at it for the right to have this moment with the trophy, right? we've all...