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  • Camille

    I am able to juggle my professional and personal life by the grace of Amazon Prime shipping, but how sad to see the fall of the mall – the nostalgia of hanging at the ice rink and meeting up with your friends…I guess kids just use the web cam vs. meeting at the Galleria.

  • Adiner1676

    This is absolutely, one of the best blogs and overall information I have seen. Duke, much Kudos. Your right on target but we need to end that with a more definitive solution. Or several solutions. First thing to attract more tenants is reduction on CAM, how can we do that? Engergy solutions, make the over all cost more attractive using better eneregy sources, I believe the big bog is almost gone but the specialty draw is not, like Wegman’s or high ender markerts in malls or in mall spaces, and then retialers that will comliment the main draw, nice restaurants and then smaller apparel shops. A go to shop and I am still a fan of a real book as opposed to the on line Amazon type. As to Zappos, if you want to buy two sizes and send one back each time you order fine, but I like to touch what I am buying, I by pass that kid with an attitude and go right to the seasoned person in the store,. I enjoy looking and brousing and that for me is apart of the expereince of shopping. I loved your video on food trucks and have alot of interest in that, if you can imagine taking that a step further. But there are restrictions.

    Overall, every time I check one of your blog posts out, I learn alot. Shopping centers need to cut costs for the tenants. At the same time promoting other alternative uses.

    Jack

  • Adiner1676

    This is absolutely, one of the best blogs and overall information I have seen. Duke, much Kudos. Your right on target but we need to end that with a more definitive solution. Or several solutions. First thing to attract more tenants is reduction on CAM, how can we do that? Engergy solutions, make the over all cost more attractive using better eneregy sources, I believe the big bog is almost gone but the specialty draw is not, like Wegman’s or high ender markerts in malls or in mall spaces, and then retialers that will comliment the main draw, nice restaurants and then smaller apparel shops. A go to shop and I am still a fan of a real book as opposed to the on line Amazon type. As to Zappos, if you want to buy two sizes and send one back each time you order fine, but I like to touch what I am buying, I by pass that kid with an attitude and go right to the seasoned person in the store,. I enjoy looking and brousing and that for me is apart of the expereince of shopping. I loved your video on food trucks and have alot of interest in that, if you can imagine taking that a step further. But there are restrictions.

    Overall, every time I check one of your blog posts out, I learn alot. Shopping centers need to cut costs for the tenants. At the same time promoting other alternative uses.

    Jack

  • All great points Duke, but Frank Feather (future consumer – which did not come true so it is now rewritten with the dates changed) was wrong in the 90’s and you may be wrong now.

    All the points you make are valid and the Internet has definitely changed the shopping paradigm, but I do not believe it is so simple or as black and white as portrayed here.

    According to The Economics and Statistics Administration:
    Although retail sales and consumer spending have been increasing, that doesn’t imply that the rising spending tide lifts all retail stores’ boats. An interesting aspect of the Monthly Retail Sales survey is that it breaks out sales by type of establishment, such as motor vehicle and parts dealers or electronics and appliance stores. Looking at this detail yields some interesting insights into how shopping habits of consumers have changed over time. For instance, we all hear how Internet-related sales have increased, but by how much? Ditto for sales at supercenters.

    Figure 1 shows the trends in total retail sales, sales at electronic shopping and mail order houses, and sales at warehouse clubs and supercenters, all of which have surged over the past several years. Sales through electronic shopping and mail order houses have climbed a vigorous 28.3 percent since the start of the recession, while sales at warehouse clubs and supercenters have advanced a very fast 11.1 percent. [4] By contrast, total retail sales rose 1.0 percent over this period. Together, sales at these kinds of establishments comprise about 14.7 percent of total retail sales, up from 12.5 percent at the start of the recession. It should be noted that one reason why sales at warehouse clubs and supercenters have increased is because of the conversion of certain locations from standard retail stores to clubs or supercenters with groceries.

    Read More: http://www.esa.doc.gov/Blog/2011/02/15/consumer-spending-strength-continues-also-changing-shopping-habits

    This indicates that, because of the economy, people are spending less period, the average age of an automobile a few years ago was 6 years and now it is 10 years.

    Here is the rub. If the economy came back right now the malls would be full and retail would do well. The people holding 10 year old cars would get new ones… The problem here is that until unemployment is solved for the poor and especially the middle class there will be no economic change. So you will be right, but it may be too soon to call this the work of the Internet

    Love Ya Duke
    JW

  • Hughjwade

    Wow. A lot of stuff in there. Big trends. But they’re playing the Ramones in Muzak? I am so there, must get in car now. Seriously, you’ve hit on a lot. I think we are now an instanteous, get it online society, and you also mentioned the demographic factor of the shrinking middle class. Also, you’re observation that a lot or most live in both world’s was a good one. I do think our space needs have downsized, and that will only continue. So, conversions to other uses, or teardowns, will be the trend. It was also cool that you flipped the conventional kind of gut reaction, which is that the older generations had more balls. Well, they did have some balls. And it is up to the next generations to exceed them. Which is the fun of life, giving this game a whirl in a serious, ambitious way. It never gets old.

  • mpk

    I think you’re spot on with the need to repurpose “bad” malls but the “good” malls have an entertainment quality that isn’t going to go out of favor. People just go to the mall sometimes not necessarily to buy something but to do something and if enough people do that then eventually someone will buy something. There are still 300 million people here and they need to fill their time somehow.

  • Hfk

    Duke, this is bar far your best video. Very well thought out with obvious focus on coordinating the video content with the audio content to effectively convey your message. Proud of the direction you are going. I will be writing about this video in one of my future blog posts.

  • Eileen Burns

    I believe there will be a surge in the number of millionaires created in this recession cycle and repurposing properties for “customer experience” will be on of the ways to solve the current dilemma. Look at the deomgraphics on the “who” that have the money to provide the “what” and “how” for solutions.