 The retail sales numbers are out for June and they rose by half a percent the figures Spending in US stores and their websites and restaurants at the same time the May figures were adjusted upwards by half a percent From point eight percent to one point three percent and here to look at retail details and what it what it is is Melissa Armo. She's a CEO of the stock swoosh welcome, Melissa We always love having you just when we thought the things may be looking not so great these new numbers come out and the main numbers were revised Upward what's your take Melissa? Yeah, I think that was really probably part of the boost you've seen in the last couple days the rally in the market a Lot of these stocks have just been rally rally rallying Amazon came out with a prime day this week So there was a lot of reasons for retail to get a lift not just the upwards momentum from the main numbers But the June numbers as well Melissa I noted on Sunday an iconic 80-year-old seer store an Irving Park Neighborhood of Chicago closed down for good and the closure, which was one of five hundred twenty nine or five hundred and thirty remaining seers stores is part of a current closure of about seventy eight stores around the around the nation What does this say about brick and mortar in today's largely online world? I'm telling you Bart. It's really the future in some ways Is bright but in some ways it's bleak. What do I mean by that? I think Amazon is gonna put a lot of these retailers out of business which you could look at it from one Perspective and say it's good for consumers because you can get Amazon products so cheap and they offer so many things One stop shopping and it really reasonable prices, but on the other side of it It's gonna put a lot of people out of business that have jobs at these stores and also it has taken away from the shopping experience I've said this before I think show Whole Foods was bought out by Amazon and I love to shop at Whole Foods It will never be the same the experience isn't the same anymore the personal touch There's a lot of things that are not on the shelves anymore The store looks to mesh when you go in there and you don't have the same customer service So you're gonna see that more and more and more when you go to shop at these places Things are going downhill and they're going down how fast look at towards a rush toys are us one out of business And for all you know Amazon push them out of business as well Amazon made brand-new all-time highs again today over $1,851 a share it seems like nothing is stopping this and Jeff Bezos now is the richest man in the world at $150 billion and you say you know is this a good thing for us or is this a bad thing for us They're gonna be pushing people out of business not just Sears not just toys or us other people too If we have time I want to get back to Amazon But I want to get sort of the bigger picture here to Melissa on what are the bright spot sort of the areas of retail that are Doing well is it restaurants? Is it you know sporting goods? What is it where that people are really going after now? That seems to be doing well. That's attempting to compete with Amazon is target Target is still holding very very strong They came out with their own thing in the last couple of days where they're offering a lot of sales to try to compete alongside the Amazon Prime Day You had other retailers doing that too Macy's is doing like a black Friday thing But the stock really doesn't look that great Macy's stock is not an uptrend target looks good And they're trying to compete with Amazon and go toe-to-toe because the prices there are good And they do have brick-and-mortar stores and they're getting people in but I'm telling you it It's a problem Walmart stock doesn't look that great, but Walmart came out with this new thing They're doing a 3d you can put different furniture pieces in and try to play around and see how your furniture looks before you buy it But the stock doesn't look that good Walmart's gonna try to compete with Amazon and target to but I don't know if in the end They're gonna be able to do it You mentioned back to Amazon you mentioned Prime Day, which I guess started yesterday 3 o'clock Eastern and went today But it didn't go that well. They had a some computer problems or what's your take on that? That was interesting they had But they still had tons of sales people hung in there because I guess it's 36 hours It wasn't like just it was a 24-hour period where they were doing the sale So they ended up fixing the problems, but you know for all I know the site could have crashed I mean probably so many people came and wanted to spend and I don't know what the totals are going to be by the time It's all set and done but the stock may continue rising through this whole prime period Because people are going and people are signing up and people are buying things and now they're doing this where they're offering special Discounts to prime members even to buy food and now they're doing the food delivery services all these cities all of a sudden Now you can order food delivery and not just in New York not just in LA Chicago Dallas Yeah, I mean all over the place we're offering this that's something you I'm telling you Amazon is gonna dip their toe and put their foot into any single thing that they possibly can to make money There's nothing stopping them and you know, I'm telling you that for the little mom and pops and even mid mid-range stores I just don't see how they're gonna compete I'll tell you one thing about that the Amazon delivery and this is a personal anecdote and you know I'm sure they will get their stuff together, but we ordered the other day from the place and We get a call from an 877 number and it says Hi, this is Amazon. I need to check some of your personal details Now, you know, who knows that they're really calling who knows they're really from Amazon you know, I wrote a book about fraudsters Ponsimonium and That's one of my red flags never give anybody your information It is just calling you they didn't say your food We cancel the order and we went to the restaurant directly and which wasn't a bad thing for our health But they've got they are having some growing pains in this stuff But but just do the grub hubs they have to watch out the door dashes the uber eats all those guys are on their target Amazon's target list, right? Yeah, yeah all of them, but this is I'm telling you anything else Amazon was still looking into healthcare real estate. We talked about this even six months ago Trust me when I say they are gonna try to dip their toe into being a full service for as consumers I'm not sure we're gonna have less choices and less quality and in the end. I don't know if that's really what we want Well, I think we're gonna have to have Andre Barlow in here to talk about and I trust in the future Anyway, we thank you for always being with us the cleverest ever CEO of the stock swoosh Melissa Armo. Thanks, Melissa Thanks And it's time now for a brief