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Are Malls Over?

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Re: Are Malls Over?

#231
post #110

Earlier quoted context omitted.

Even outdoor malls in Singapore have air conditioning http://en.wikipedia.org/wiki/Clarke_Quay

That's not a mall. It's a collection of restaurants (mostly for tourists). Not a single shop there.

The point isn't that Clarke Quay itself is a mall (even though the owners, CapitaMall Trust themselves call it a mall...) but that the weather doesn't have to be an obstacle for outdoor shopping.

Re: Are Malls Over?

#232
post #81

This is really an important question as malls are usually massive holders of lots of valuable real estate in many towns. Where I live, there are...maybe around a dozen proper stereotypical malls within an hour drive. Of those, the two malls I literally grew up in have had very different trajectories. The one next to my highschool is a veritable empty shell. I think it sits at 40% occupancy, with entire wings boarded…

Shopping malls are interesting because their entire appeal is predicated on a network effect. So when something reverses that effect, whether it's demographic shifts to the area, a large tenant going out of business, or a competing mall, the results can be devastating and you get a vicious circle death spiral.

As others have noted, malls in general aren't doing too poorly, but for the ones that are they're awfully conspicuous and downright depressing, so I think those tend to stick out in peoples' minds.

Re: Are Malls Over?

#233
post #219

Earlier quoted context omitted.

That's interesting, I've never seen a single freestanding Apple store before.

Yeah, is there one on the west coast? I know Seattle and Portland's Apple Stores are all in malls.

Freestanding stores are in Palo Alto, Los Gatos, and two in San Francisco.

Just the ones I know offhand.

Re: Are Malls Over?

#234
post #219

Earlier quoted context omitted.

In my experience, Apple stores are freestanding in dense urban centers, and located in shopping malls in suburban areas. I haven't seen any exceptions to this rule so far.

That's interesting, I've never seen a single freestanding Apple store before.

Two in Chicago (Lincoln Park and Mag Mile), but both of those areas are basically outdoor malls in a loose sense.

Re: Are Malls Over?

#235
post #219

Earlier quoted context omitted.

In my experience, Apple stores are freestanding in dense urban centers, and located in shopping malls in suburban areas. I haven't seen any exceptions to this rule so far.

That's interesting, I've never seen a single freestanding Apple store before.

All of the Manhattan ones are, obviously.

Re: Are Malls Over?

#236

Earlier quoted context omitted.

A few years ago I went to a mall in Stuttgart. The interesting thing was I could have been in any mall in America. The layout, architecture, parking garage, etc., was right out of the US, and even the advertising was all in English. It's like eating at McDonald's in Tokyo. What's the point?

Which mall in Stuttgart? I lived there a few years ago and never noticed the shopping areas looking American...

I don't recall, other than it was a big one.

Re: Are Malls Over?

#237
post #169

Earlier quoted context omitted.

Actually technology will make sure that your pants fit just perfectly from the 1000s of measurement taken by the full body scanner in the retail store you ordered them from. The future of retail will be where it is fully integrated into the manufacturing chain to enable just in time manufacturing and delivery of the perfect item with the cost savings from such automation passed onto the consumer due to competition.

No. It won't tell you if the fabric is too itchy/uncomfortable, just one example.

You try the fabric on at the same time you get the laser measurements done. Stores aren't going away, just the way they will work.

Re: Are Malls Over?

#238
post #97
post #91

Earlier quoted context omitted.

Tysons is the suck. They're not restructuring it so much as trying to work around the piss-poor depressingly suburban "urban planning" of the place. Yes, it's got a metro line now, but it's a big concrete monstrosity along the middle of a huge multi-lane road, instead of the sleek, organic, integrated transit you see in places like Chicago or New York.[1] Most of the stops drop you off in a giant parking lot along si…

Yeah Tysons is still a warzone right now. But they're on something like year 5 of a 35 year restructuring plan. I still have high hopes. There's lots of weirdness left over from the previous "design", like stations letting off into low density areas like next to a bunch of car dealerships. But the overall plan I think is still promising. If they can convert those low density areas into high density housing, offices a…

> That and I'm still hoping they extend the line out to Dulles so we'll finally live in a fully connected urban area that befits the density of NoVA and D.C.

IMO, as another denizen of the D.C. area, the Silver Line, once completed, will not fully connect the D.C. area. There are other developed areas that will still not be reachable.

Take the 28 corridor, for instance: home to the NRO, a bunch of defense contractors, tech companies, the Dulles Expo Center, the Air and Space Museum, and a lot of residential and office space. This region will still not be connected. Going up and down 28 itself is something that almost certainly has to be done by car; I don't know of many (or any) buses that would enable one to get from, say, Centreville to Reston.

Re: Are Malls Over?

#239

Earlier quoted context omitted.

Remember that the fashion industry has revenue that absolutely dwarfs the tech industry. It's so far beyond that it's not even funny. People can't go naked, they need clothes, and most of the time they prefer to try them on, see how they look and fit, then purchase in person. Then there's food which is even larger. The online ordering of groceries is a drop in the bucket. You want fresh food, you're going to have to…

Does the fashion industry really "dwarf" the tech industry? Random googling tells me that the global fashion industry does about $1.2 trillion in revenue per year. Microsoft, Google, Apple, and IBM together do a bit over $400 billion per year, so about a third of that, and that's only four (albeit large) tech companies. I'd be surprised if you couldn't more than triple that number after you accounted for all the othe…

That's still a fraction of the fashion industry. It's long-tail from there.

Re: Are Malls Over?

#240

Earlier quoted context omitted.

Does the fashion industry really "dwarf" the tech industry? Random googling tells me that the global fashion industry does about $1.2 trillion in revenue per year. Microsoft, Google, Apple, and IBM together do a bit over $400 billion per year, so about a third of that, and that's only four (albeit large) tech companies. I'd be surprised if you couldn't more than triple that number after you accounted for all the othe…

That's still a fraction of the fashion industry. It's long-tail from there.

Samsung's electronics division does almost $200 billion/year. Foxconn does $120 billion. Hitachi is also about $120 billion. HP is about $110 billion. Amazon is $75 billion. Intel is $50 billion. Need I go on?
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