Quote:
Originally Posted by ssiguy
I think the thing to watch for in the future is whether these big box stores on the outskirts of cities survive in the generation. Will they suffer the same problems as current malls where they were built to serve the customers of the time but as the cities spread further out and todays family housing empties out as the kids leave home {just like they did in our older suburbs of the 60s/70s/80s} will they also find themselves in areas where much of their shoppers leave the area?
As more young people head downtown/inner city, more gravitate to condos/apt and have fewer cars, more likely to take transit, more shop online, more turn their back on the large corporations and international capitalism, and an increasing seniors population who do not desire every latest gadget or fashion, it begs the question how will these big box stores survive? These big boxes rely on two main things..........a large population base and people willing to drive and/or having cars to get there. As seniors decrease their desire or even ability to drive greatly diminishes and young people choose to take transit, those potential shoppers will disappear and our big boxes of today maybe viewed in 2050 the same way we now view dead malls of the post-war times.
It seems laughable and even farcical to contemplate that today but in the 70s & 80s when malls were sprouting up and expanding at a furious rate, anyone who even mentioned the idea of malls becoming dead in 30 years would have been committed to the local psych ward.
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That, and as the internet makes getting pretty much exactly what you want possible (aside from perishables, such as groceries), you could be on to something.
Interesting to note that the 'retail apocalypse' of failing major retailers is occurring not in a recession, but in relative boom times. I think we've been over-retailed for some time now. Indeed, people in western countries have shifted away from shopping as a past time to consuming more 'experience' based items - hotels, airlines and tourism is doing quite well.