As Their Anchors Sink, Malls Try To Present Retail 'Experience'

[UCFBS]

Can only replace Radio Shack & dying department stores w enough yuppie & old people shit til the old people die off. Dinosaur tier, but look shekels/SF is solid! Gimmie more shekels! :handwring:

You might be surprised how much the new generation is getting into classic skills and trades. It skipped Generation-X (my generation), but there are enough innovative Gen-Y/Millennials that you might see more and more of this to replace the Boomers.

Just go on the Internet and you'll find a lot of people designing all sorts of things. Not just imports, but Americans for the domestic and even export market. Heck, the availability of second-hand CNC machines for the past 10 years, plus the new age of 3D printing, is changing a lot of things ... in addition to outsourcing fabrication to others.

Even the classic, physical storefront is starting to change. After all, not everyone likes to stockpile at home. It will be interesting where the physical location, retail industry is in 10-15 years more. It's going to be very different, that's for sure!

 

[Sir Galahad]

http://fortune.com/2015/03/30/malls-occupancy/

http://www.icsc.org/press/u.s.-shop...-rates-hit-6-year-high-in-2014-according-to-i

http://therealdeal.com/issues_articles/simons-second-coming/

I could go on and on but me talking to the likes of 85 about retail real estate is like Adam Smith explaining economics to a fourth grader.

 

[UCFBS]

http://fortune.com/2015/03/30/malls-occupancy/
http://www.icsc.org/press/u.s.-shop...-rates-hit-6-year-high-in-2014-according-to-i
http://therealdeal.com/issues_articles/simons-second-coming/
I could go on and on but me talking to the likes of 85 about retail real estate is like Adam Smith explaining economics to a fourth grader.

But do understand ... it did take the closing of many and a reduction in the over-supply of square footage, to make it happen. That and some well-timed investments to pick up various malls that cost less than to build them in several cases.

 

[Sir Galahad]

But do understand ... it did take the closing of many and a reduction in the over-supply of square footage, to make it happen. That and some well-timed investments to pick up various malls that cost less than to build them in several cases.

Do you have any idea the resources these REITs have at their disposal? They are years ahead of the curve in terms of retailers. They know when a retailer is on the ropes way before the street does. Sports Authority, Sears bring boning to a mall except low rents and no foot traffic.

 

[UCFKnight85]

http://fortune.com/2015/03/30/malls-occupancy/

http://www.icsc.org/press/u.s.-shop...-rates-hit-6-year-high-in-2014-according-to-i

http://therealdeal.com/issues_articles/simons-second-coming/

I could go on and on but me talking to the likes of 85 about retail real estate is like Adam Smith explaining economics to a fourth grader.

LOL

Isn't it funny that the Forbes article and the ICSC "study" both were released on the exact same day? Knowing of course that the later is an industry trade group. It's amusing that you present biased, force fed propaganda considering you want us all to believe that you're Mr Commercial Real Estate Guru.

Then there are non-influenced stories like the one below which echo the chorus of most anyone who looks at this subject, and concludes that forecasts for malls will only worsen over time.

http://www.wsj.com/articles/tougher-times-for-mall-owners-1453856400

 

[UCFBS]

Do you have any idea the resources these REITs have at their disposal? They are years ahead of the curve in terms of retailers. They know when a retailer is on the ropes way before the street does. Sports Authority, Sears bring boning to a mall except low rents and no foot traffic.

Yes. And they are often the ones that call in liabilities that doom a company, before they are worth less money and won't get as much in the liquidation.

 

[Sir Galahad]

Yes. And they are often the ones that call in liabilities that doom a company, before they are worth less money and won't get as much in the liquidation.

When you say liabilities you mean rent?

 

[UCF11and1]

Malls in good locations are not going anywhere ( Florida mall, Altamonte, Millenia). Malls poorly run, dilapidated or in stupid locations (Oviedo, fashion square, etc) will have to evolve if they want to survive..
Sir G is right, the malls will survive, the big anchor stores will give way to smaller, speciallized stores. Just because the layout is changing, it diesn't mean is desappearing

 

[Sir Galahad]

Malls in good locations are not going anywhere ( Florida mall, Altamonte, Millenia). Malls poorly run, dilapidated or in stupid locations (Oviedo, fashion square, etc) will have to evolve if they want to survive..
Sir G is right, the malls will survive, the big anchor stores will give way to smaller, speciallized stores. Just because the layout is changing, it diesn't mean is desappearing

Quite the opposite, new malls are being built all over the country. Now the closed in malls are basically a thing of the past although the latest one is still under construction in Sarasota. Malls will not go away, they may change shapes, change makeups but the idea of retail co-tenacy is one if not the most important to any retailer when selecting a site.

 

[Sir Galahad]

LOL

Isn't it funny that the Forbes article and the ICSC "study" both were released on the exact same day? Knowing of course that the later is an industry trade group. It's amusing that you present biased, force fed propaganda considering you want us all to believe that you're Mr Commercial Real Estate Guru.

Then there are non-influenced stories like the one below which echo the chorus of most anyone who looks at this subject, and concludes that forecasts for malls will only worsen over time.

http://www.wsj.com/articles/tougher-times-for-mall-owners-1453856400

I'm not Mr. commercial real estate, I've only been doing this for 25 years and have run the largest real estate retail department in the country in terms of stores in the past but hey, you are an mid level engineer working in the defense industry who has spent 20 minutes researching the topic. Of course you know what you're talking about.