This may be the retail path to profits post-pandemic
CNBC's "Power Lunch" team discusses the path to profitability for retailers with Simeon Siegel, BMO Capital Markets analyst. What Covid did for everyone was bring us to a grinding halt, says Siegel. For the last five years, we've been talking about the death of retail—that's the path we were going. But I think that's because a lot of companies were focused on growing for growth's sake. Now these companies have to pause and go to zero, he says, they can actually look at what the right size is.