It’s actually a lot worse than simply retail dying in a particular setting, such as a mall. Retail is getting killed, because of bitches like Heather Bresch and the entire healthcare industry raping and ravaging the upper middle class. Retail is getting killed because of student loans, predatory lenders and rents that are out of control. Kids are re-urbanizing the cities, which is expensive. Said fuckheads living in these cities do not have any money to buy things, after rent, food and transport.
Just a few years ago, people were taking trains and busses. Now those same fuckheads are in Ubers, which is more expensive.
The price of food has risen, as people become keenly aware of GMOs and the shit companies put in the food supply. Pushing against that, folks are opting for organic food and fresher ingredients. That shit is expensive. You get my drift.
There is a cultural shift away from clothing oneself in the best possible garments, or even decent stuff, to dressing like a fucking hobo. Because of all of these things, retailers are feeling the pressure on their top and bottom lines.
Both DSW and ANF are the latest examples of people not giving a shit about the clothing industry.
Listen to me: it’s over and never coming back. Amazon is the matrix. In 50 years hence, all of the malls will be vacated and vegetation will fill what was once a prosperous setting. The landscape of America will be one of a dystopian scene, with vacated streets, crumbling infrastructure, and people robbing one another for food and healthcare vouchers. The trend is, inexorably, horrific–if you actually take the time to extrapolate out.
Sure, you may think all is well now. After all, you’re doing fine. Your brokerage accounts are at record levels. But the current trajectory of healthcare, education and general living expenditures are on an unsustainable path–heading straight for destruction.
Other than that, everything is great.
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what happens to the dead mall space? do they become really cool paint ball fields and kids can live out their call of duty fantasies?
Hunger games.
Future drone racing league courses!!! Bring on the future!
$GDX getting dicier than I anticipate ahead of Friday. Sold it and will come back in AFTER employment number.
This man speaks the truth.
Our destiny can be witnessed in the film Idocracy.
Plus 10!
When is it ever a good idea to assume trends to go on forever. Life is way more cyclical than you give it credit for, Fly.
Might I point out some foreseers described these trends/conditions years ago while everyone was gluttony&decadence. Demographics toward practical dress, transportation, and housing? …Little slow… Little slow… That’s ok… Catch up… Some of us already wrote about this… LONG TIME AGO