Will the Olympics Boost London Retail?

5:20 AM ET Mon, 30 July 2012

Stacey Widlitz, president of S.W. Retail Advisors, told CNBC, "If you go out to the Westfield mall you are seeing the tourists in town, you are seeing them spend but the question is, is this a short-term boost? Especially for the luxury sector, you are seeing almost 30 percent sales in the luxury sector going to Chinese tourists."