The Importance of Brand Identity in the Digital Age

I think the retail apocalypse you're right is about seeing so much space being unoccupied. In fact, it's massively overbuilt. The second thing is a number of those traditional retailers were highly levered up. You can't make the investments to actually transform yourself. And I think there's a non-trivial argument to be made that the folks who were bearing significant debt burdens should have died.