by Grace aka costofcollege
When I think of my shopping habits 30, 20, or even five years ago I am astounded at how the retail landscape has changed. And more changes are in store. (Pun intended.)
Here are a few random stories that touch on different retail trends.
For retailers and their landlords, the future lies in giving customers a place to socialize and learn. Spending time with friends, meeting new people, and acquiring hands-on skills aren’t as enjoyable online. The challenge today is to recreate the old excitement for a new era, selling not exotic merchandise and unfamiliar culture but the pleasures of human contact and physical presence.
Payless is reportedly filing for bankruptcy. And what’s the future for shopping malls?
Mall Owners Rush to Get Out of the Mall Business
Surge in store closures prompts some shopping-center owners to walk away from troubled locations
What are some important retail changes you have seen? Malls, clothing, shoes, homes, cars, appliances, groceries, and travel have all been affected. What are the upsides and downsides? What changes do you expect within the next five years and beyond?