Barclays strategist: We could lose another 1 million jobs in retail as the industry resizes

Barclays strategist Ryan Preclaw explains some of his recent research on how much right-sizing needs to be done in traditional retail. Preclaw estimates that brick and mortar retail capacity needs to come down more than 10%. This wouldimply 750k to one million jobs being eliminated according to Barclay's model.Following is a transcript of the video. Henry Blodget: One of the stories we've been covering recently on Business Insider and on The Bottom Line is the hammering that traditional retail i...