In short: The dated marker of peak retail-landlord pessimism: "10 years ago we wake up, Amazon buys Whole Foods. Everyone was like, oh my god, here comes big bad Amazon." He's arguing that fear is now fully in the rear-view.
37:33Everyone was like, "Oh my god, here comes big bad Amazon." We're not going to build new malls. So, the beautiful thing is, Canadian population has grown. US population has grown. They're pausing right now. But, if you're a Dollarama, if you're in a successful retailer and you're trying to find new space, well, okay, the Bay went bankrupt, Zeers went bankrupt, Sears is gone, right? So, there's no lowhanging fruit.
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