Quote:
Originally Posted by ssiguy
Even though we are talking about the death of malls, the death of big box "power centres" could also be upon us in 30 years. These centres are built in the booming suburbs but this was the same as the malls before them. However due to demographic changes those malls surrounded by a growing and young population soon turned into retirement villages with no kids and the same will happen in 30 years in the areas that now surround the power centres.
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I'm curious too - what will the ultimate fate of Power Centres? Given that it seems we've seen 'Peak retail', what happens in the future?
I think staples like Costco will probably be OK - just like grocery stores haven't been hit nearly as hard as department stores. It'll be the weird stuff like Michaels and PetSmart - does one really need ginormous stores for crafts/pet food?