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Thread: The Death of Retail - The Online Tsunami

  1. #1

    Default The Death of Retail - The Online Tsunami

    The Death of Retail - The Online Tsunami

    I started this thread to discuss, what is the future of retail and how online shopping is affecting jobs, malls and businesses.

    Just in the past month; Payless Shoe stores, Victoria Secret, J. Crew, Hudson's Bay Home Outfitters, The Gap and many others have announced store closures.

    This discussion is not only limited to clothing stores and retail but also changes in the entire scope of restaurants (Grubhub), movie theaters (Netflix), furniture showrooms, department stores, offices where less staff need to commute with home offices, and all the changed affecting society as people can stay at home and just order what they need. Will malls change into public indoor plazas for people to gather in the likes of Millwoods Town Centre but what economic returns are there for mall owners and their renters? What new forms of business will need the vacant space and what are the employment opportunities?

    I am amazed that even today, new malls are being built and brick and mortar retail space being added while empty and underutilized retail space is available all over the city.

    What changes will the next 20 years bring?

    More than 4,300 stores are closing in 2019 as the retail apocalypse drags on — here's the full list
    https://www.businessinsider.com/stor...19-list-2019-3



    https://www.retail-insider.com/retai...ada-this-month
    Last edited by Edmonton PRT; 02-03-2019 at 11:08 AM.
    Advocating a better Edmonton through effective, efficient and economical transit.

  2. #2

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    Remembering 4 Long-Lost Canadian Retailers
    https://www.styledemocracy.com/canadian-retail-history/
    Over the years we’ve lost a few very special retailers in Canada. Let’s take a trip down memory lane.


    US retailers closing in 2019 and affected Canadian stores
    https://moneywise.com/a/retailers-cl...stores-in-2019
    The retail landscape is on the way to looking even bleaker
    Advocating a better Edmonton through effective, efficient and economical transit.

  3. #3

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    As someone who has been in retail as a general worked, manager, worked for a distributor, manufacturer, and as a business owner, I can say for the most part many of these business models were based upon a 1960's strategy. Nostalgia is huge in the retail industry and lets be frank about it, the older generation that grew up on Sears are passing on, younger people do not shop where their grandparents shopped.Many of these retailers and malls just expect people to show up and shop, well times have changed and life for people changes, what was important to one generation is not for another. I think retail in in an evolution right now and many will not evolve and just disappear, this is not bad just different. Does this present opportunity? I think it does, malls are huge footprints that should evolve into live/work spaces, Why can't a small engineering firm be in a mall? Why not a homebuilder, graphic artists, and interior designers be in a mall? Calgary and Vancouver has a few condos that have live/work spaces, this is what a mall could evolve to. I personally have zero nostalgia when it comes to a store or a building or things in the past, I like to look forward not back.

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