joe t.: shopping for t.j. maxx. lemonis: t.j. maxx -- what is that customer? -jack: discount.count. 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 over there, t

we have seen 75% that are discount retailers and restaurants such as t.j. maxx, home goods, ross, dollar general, across the board and restaurants based on the experience in retail in general. quick serve small format restaurants we ar we seeing. to closures if we take out toys and department stores. the toys at the top of the list are toys-r-us and the bankruptcy last year as well as department stores are due to sears. if we take out those the 700 closings, 50% is grocers. the trend is that they are closing or consolidating. some of the closures or groceries we have seen pullout of the market in the bay area is new seasons who pulled out in 2016. cal foods that closed in san francisco and bell and ralphs. some consolidations we have seen from save more acquiring 140 albertsons eight years ago to the rest of the safe way here in california as well as probably the one to make the news recently is amazon acquiring whole toeds. in whole foods' struggle am magone bought that not as an investment. going to the next slide which is the consumer demand and the trend acr

location, rolling out buy on line in store pickup capabilities, but that fell short as more went to t.j. maxx and online to amazon. a seismic change in how we shop. the sharp decline in macy's dragged down other retailers. jcpenney and nordstrom fell sharply as well. >>> ahead, some really good news. after nearly three months of searching, a wisconsin teen has been found alive. >> she's okay. i just cannot believe this. >> what we know about her rescue, ahead. of us don't get eh omega-3s. which is why megared advanced 4in1 packs more omega-3 power into one small softgel. it supports your heart... brain... eyes... and joints. megared. t-mobile knows dancing is better when you include a partner. singing is better when you include a friend. and unlimited is better with a phone included. it's true. forty bucks with the other guys, doesn't include a phone. so, start the new year right. join t-mobile and get unlimited with a phone included for just forty dollars per line. (danny) (client's voice) ...that you're not using smarter tools to manage your business. you work too hard to work this hard! co

we have not gotten results yet from t.j. maxx or ross stores, but i expect they continue to thrive.y had strong merchandising in the quarter, and i think we will continue to hearlosers dynamic. we from more losers. gap, yet,t heard from for example. i do think this is going to be a bifurcated earnings season for sure. >> let's talk about that bifurcation, specifically along the lines of different classes of retailer. a real demarcation between those three elements? >> yes, i think discounters will continue to look strong. walmart and target, of course, have been really aggressive competing on price, and they really made a strong bid for those toys "r" us dollars that were up for grabs this holiday season and i expect we will continue to see that show up in their results. i think the middle is a tough place to be right now. like a deal. they like a treasure hunt or they like something that feels as per ration and experiential and macy's is one of those retailers right in that middle ground. joe: who do you think is clearly getting it right that when you expect to see numbers from the

>> caller: my stock is t.j. maxxner, winner chicken dinner i like that stock very much, along with burlington, there, a couple of great ones and by the way -- >> we go to kenneth in new york. kenneth. >> caller: hey, jim, this is kenny from new york. i was wondering what your thoughts on iip are? >> iip are >> you know what this is another one of those that is just -- i don't really know -- you know, this is like it's got a cannabis angle, and people are too excited about it they're just too excited about it cannabis exciting but i liketo invest in things that make money. i want to go to zack in florida. zack >> caller: jim, a big blue nation booyah and a happy anniversary to my wife today is my anniversary. happy anniversary. my stock, cara therapeutics. >> it's also derrick's birthday on our staff it's really amazing. >> we like cara. i know it's kind of stalled here, but i do like it very much i'm going to say stick with it it's worth it, and i just -- disturbing news here, i see jack bogle, one of my absolute her