{"id":2272,"date":"2017-06-13T08:46:21","date_gmt":"2017-06-13T15:46:21","guid":{"rendered":"http:\/\/re-tales.net\/?p=2272"},"modified":"2017-06-13T08:46:21","modified_gmt":"2017-06-13T15:46:21","slug":"retail-is-dying-but-you-already-knew-that","status":"publish","type":"post","link":"https:\/\/re-tales.net\/?p=2272","title":{"rendered":"Retail is Dying.  But You Already Knew That."},"content":{"rendered":"<header class=\"trb_ar_h\">\n<div class=\"trb_ar_hl\"><\/div>\n<\/header>\n<div class=\"trb_ar_main\">\n<div class=\"trb_ar_la\">\n<aside class=\"trb_embed\" data-content-id=\"80200449\" data-content-size=\"leadart\" data-content-type=\"image\" data-content-slug=\"la-me-ln-three-shot-lakewood-mall-20140514-001\" data-content-subtype=\"photo\" data-role=\"sc_item imgsize_ratiosizecontainer\" data-state=\"\">\n<div class=\"trb_embed_media\">\n<figure data-role=\"imgsize_item\"><\/figure>\n<figure class=\"trb_embed_imageContainer_figure\" data-role=\"imgsize_item\"><img class=\"trb_embed_imageContainer_img\" title=\"Malls\" sizes=\"(min-width: 1260px) 750px, (min-width: 1060px) calc(100vw - 559px), (min-width: 840px) calc(100vw - 419px), (min-width: 800px) 800px, 100.1vw\" srcset=\"http:\/\/www.trbimg.com\/img-5373ba49\/turbine\/la-me-ln-three-shot-lakewood-mall-20140514-001\/350\/350x197 350w, http:\/\/www.trbimg.com\/img-5373ba49\/turbine\/la-me-ln-three-shot-lakewood-mall-20140514-001\/400\/400x225 400w, http:\/\/www.trbimg.com\/img-5373ba49\/turbine\/la-me-ln-three-shot-lakewood-mall-20140514-001\/450\/450x253 450w, http:\/\/www.trbimg.com\/img-5373ba49\/turbine\/la-me-ln-three-shot-lakewood-mall-20140514-001\/500\/500x281 500w, http:\/\/www.trbimg.com\/img-5373ba49\/turbine\/la-me-ln-three-shot-lakewood-mall-20140514-001\/550\/550x309 550w, http:\/\/www.trbimg.com\/img-5373ba49\/turbine\/la-me-ln-three-shot-lakewood-mall-20140514-001\/600\/600x338 600w, http:\/\/www.trbimg.com\/img-5373ba49\/turbine\/la-me-ln-three-shot-lakewood-mall-20140514-001\/650\/650x366 650w, http:\/\/www.trbimg.com\/img-5373ba49\/turbine\/la-me-ln-three-shot-lakewood-mall-20140514-001\/700\/700x394 700w, http:\/\/www.trbimg.com\/img-5373ba49\/turbine\/la-me-ln-three-shot-lakewood-mall-20140514-001\/750\/750x422 750w, http:\/\/www.trbimg.com\/img-5373ba49\/turbine\/la-me-ln-three-shot-lakewood-mall-20140514-001\/800\/800x450 800w, http:\/\/www.trbimg.com\/img-5373ba49\/turbine\/la-me-ln-three-shot-lakewood-mall-20140514-001\/850\/850x478 850w, http:\/\/www.trbimg.com\/img-5373ba49\/turbine\/la-me-ln-three-shot-lakewood-mall-20140514-001\/900\/900x506 900w, http:\/\/www.trbimg.com\/img-5373ba49\/turbine\/la-me-ln-three-shot-lakewood-mall-20140514-001\/950\/950x534 950w, http:\/\/www.trbimg.com\/img-5373ba49\/turbine\/la-me-ln-three-shot-lakewood-mall-20140514-001\/1000\/1000x563 1000w, http:\/\/www.trbimg.com\/img-5373ba49\/turbine\/la-me-ln-three-shot-lakewood-mall-20140514-001\/1050\/1050x591 1050w, http:\/\/www.trbimg.com\/img-5373ba49\/turbine\/la-me-ln-three-shot-lakewood-mall-20140514-001\/1100\/1100x619 1100w, http:\/\/www.trbimg.com\/img-5373ba49\/turbine\/la-me-ln-three-shot-lakewood-mall-20140514-001\/1150\/1150x647 1150w, http:\/\/www.trbimg.com\/img-5373ba49\/turbine\/la-me-ln-three-shot-lakewood-mall-20140514-001\/1200\/1200x675 1200w, http:\/\/www.trbimg.com\/img-5373ba49\/turbine\/la-me-ln-three-shot-lakewood-mall-20140514-001\/1400\/1400x788 1400w, http:\/\/www.trbimg.com\/img-5373ba49\/turbine\/la-me-ln-three-shot-lakewood-mall-20140514-001\/1600\/1600x900 1600w, http:\/\/www.trbimg.com\/img-5373ba49\/turbine\/la-me-ln-three-shot-lakewood-mall-20140514-001\/1800\/1800x1013 1800w\" alt=\"Malls\" data-baseurl=\"http:\/\/www.trbimg.com\/img-5373ba49\/turbine\/la-me-ln-three-shot-lakewood-mall-20140514-001\" data-c-nd=\"1800x1137\" data-role=\"imgsize_srcsetdisplayitem\" \/><\/figure>\n<div class=\"trb_embed_related\" data-role=\"lightbox_metadata\"><\/div>\n<\/div>\n<\/aside>\n<\/div>\n<div>From the LA Times, and titled &#8220;In the Age of Internet Shopping, Even Big Retailers Are Closing Stores At American Malls&#8221;, \u00a0this article really won&#8217;t surprise anyone. \u00a0As someone who does more than 50% of his non-food shopping online, mostly through Amazon, the trend is definitely not going away soon for me and certainly not for the younger crowd. \u00a0 I&#8217;m not sure what we&#8217;ll do with all the big malls and the big buildings they contain, but if the Laguna Hills Mall by me is any indication, they will be torn down and the space devoted to more restaurants and entertainment-type places. \u00a0 You can order food online, but you can&#8217;t always get the restaurant experience at home so that makes a lot of sense.<\/div>\n<div>\u00a0 \u00a0 So if you&#8217;re still working in a mall or at a company that sells most of their goods in brick-and-mortar, you might want to consider a career change.<\/div>\n<div><\/div>\n<div>\n<div class=\"trb_ar_page\" data-role=\"pagination_page\" data-content-page=\"1\">\n<p><em>Longtime Eagle Rock resident Allenby Arakielian remembers when the little mall on Colorado Boulevard was the neighborhood hot spot for shopping and dining.<\/em><\/p>\n<p><em>Anchored by Montgomery Ward and May Co. stores when it opened in 1973, the 58-store Eagle Rock Plaza was so popular that old-timers complained it was killing nearby mom-and-pop businesses. But the shopping center has long since been eclipsed, first by bigger malls and then the Internet.<\/em><\/p>\n<p><em>\u201cThis used to be the place everybody came to, and it isn\u2019t anymore,\u201d said Arakielian, who watched Target take over the failed Montgomery Ward spot, while May Co. morphed into Macy\u2019s. Papered-over windows replaced several chains, including Radio Shack and Anna\u2019s Linens.<\/em><\/p>\n<p><em>\u201cI\u2019m surprised to see Macy\u2019s still open,\u201d Arakielian said Monday at the mall, where he had been picking up some vitamins.<\/em><\/p>\n<aside class=\"trb_ar_sponsoredmod trb_barker_mediaconductor\" data-adloader-networktype=\"mediaconductor\" data-role=\"delayload_item\" data-screen-size=\"desktop\" data-withinviewport-options=\"bottomOffset=100\" data-load-method=\"trb.vendor.mediaconductor.init\" data-load-type=\"method\" data-vendor-mc=\"\"><\/aside>\n<p><em>Consumers\u2019 increasing enthusiasm for buying online claims more retail victims every week.<\/em><\/p>\n<aside class=\"trb_embed\" data-content-id=\"93558810\" data-content-size=\"large\" data-content-type=\"image\" data-content-slug=\"la-1497283769-vh5yg4u7uo-snap-image\" data-content-subtype=\"photo\" data-role=\"sc_item imgsize_ratiosizecontainer lightbox_container \" data-state=\"\" data-embed-id=\"93558810\">\n<div class=\"trb_embed_modalBox\">\n<div class=\"trb_embed_media\">\n<figure class=\"trb_embed_imageContainer_figure\" data-role=\"imgsize_item\"><em><img decoding=\"async\" class=\"trb_embed_imageContainer_img\" title=\"Ann Taylor's parent company announced it will close some stores.\" src=\"http:\/\/www.trbimg.com\/img-593ebcbc\/turbine\/la-1497283769-vh5yg4u7uo-snap-image\/550\/550x309\" alt=\"Ann Taylor's parent company announced it will close some stores.\" data-baseurl=\"http:\/\/www.trbimg.com\/img-593ebcbc\/turbine\/la-1497283769-vh5yg4u7uo-snap-image\" data-c-nd=\"1024x575\" data-ratio=\"16x9\" data-width=\"550\" data-height=\"300\" \/><\/em><\/figure>\n<div class=\"trb_embed_related\" data-role=\"lightbox_metadata\">\n<div class=\"trb_embed_related_credit_and_caption\"><em>Ann Taylor&#8217;s parent company announced it will close some stores. (Andrew Burton \/ Getty Images)<\/em><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/aside>\n<p><em>On Monday, children\u2019s clothing seller <a href=\"http:\/\/www.latimes.com\/business\/la-fi-gymboree-chapter-11-story.html\" target=\"_blank\" rel=\"noopener\">Gymboree Corp. filed for bankruptcy<\/a> protection and said it intends to close some of its 1,281 locations.<\/em><\/p>\n<p><em>Last week, the <a href=\"http:\/\/www.latimes.com\/business\/la-fi-ascena-retail-closures-20170612-story.html\" target=\"_blank\" rel=\"noopener\">parent company of Ann Taylor, Lane Bryant <\/a>and other women\u2019s clothing stores said it plans to close up to 667 locations in the next two years to slash costs.<\/em><\/p>\n<p><em>The week before that, luxury brand <a href=\"http:\/\/www.latimes.com\/business\/la-fi-michael-kors-20170531-story.html\" target=\"_blank\" rel=\"noopener\">Michael Kors Holdings<\/a> said it expects to shut 100 to 125 out of its 827 stores to focus on expanding in Asia and to adjust to the mushrooming growth of online shopping.<\/em><\/p>\n<aside class=\"trb_ar_sponsoredmod\" data-adloader-networktype=\"yieldmo\" data-v-ymid=\"ym_1606464552242100545\" data-role=\"delayload_item\" data-withinviewport-options=\"bottomOffset=100\" data-load-method=\"trb.vendor.yieldmo.init\" data-load-type=\"method\">\n<div id=\"ym_1606464552242100545\" class=\"ym ym_scroll\" data-id=\"ym_1\"><em>\u00a0<\/em><\/div>\n<\/aside>\n<p><em>It\u2019s all part of one of the biggest disruptions in shopping patterns since the mail-order catalog was invented.<\/em><\/p>\n<p><em>The communal shopping experience is fast giving way to the convenience of clicking on a virtual cart on an electronic screen. Amazon.com and other Internet titans have reaped the benefit as conventional brick-and-mortar merchants report that shopper visits are plunging.<\/em><\/p>\n<p><em>Retail experts don\u2019t see the shift easing anytime soon.<\/em><\/p>\n<aside class=\"trb_embed\" data-content-id=\"87725597\" data-content-size=\"large\" data-content-type=\"image\" data-content-slug=\"la-1467218649-snap-photo\" data-content-subtype=\"photo\" data-role=\"sc_item imgsize_ratiosizecontainer lightbox_container \" data-state=\"\" data-embed-id=\"87725597\">\n<div class=\"trb_embed_modalBox\">\n<div class=\"trb_embed_media\">\n<figure class=\"trb_embed_imageContainer_figure\" data-role=\"imgsize_item\"><em><img decoding=\"async\" class=\"trb_embed_imageContainer_img\" title=\"Sports Authority and Sport Chalet both closed all stores in recent years.\" src=\"http:\/\/www.trbimg.com\/img-5773fa07\/turbine\/la-1467218649-snap-photo\/550\/550x309\" alt=\"Sports Authority and Sport Chalet both closed all stores in recent years.\" data-baseurl=\"http:\/\/www.trbimg.com\/img-5773fa07\/turbine\/la-1467218649-snap-photo\" data-c-nd=\"2048x1421\" data-ratio=\"16x9\" data-width=\"550\" data-height=\"300\" \/><\/em><\/figure>\n<div class=\"trb_embed_related\" data-role=\"lightbox_metadata\">\n<div class=\"trb_embed_related_credit_and_caption\"><em>Sports Authority and Sport Chalet both closed all stores in recent years. (David Zalubowski \/ Associated Press)<\/em><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/aside>\n<p><em>\u201cWe\u2019re probably in the fourth or fifth inning\u201d in the industry\u2019s shakeout, said Ronald Friedman, co-head of the retail practice at Marcum, an accounting and advisory firm.<\/em><\/p>\n<p><em>\u201cEveryone is looking at their business model and saying, \u2018We need to change and we need to get rid of the bad stores and focus on the stores that are good so we can make some money,\u2019\u201d Friedman said.<\/em><\/p>\n<p><em>The change has upended the retail industry, with conventional retailers such as Macy\u2019s Inc., Sears Holding Corp. and J.C. Penney Co. \u2014 all familiar anchors of shopping malls nationwide \u2014 also closing stores.<\/em><\/p>\n<p><em>Other chains such as Payless ShoeSource Inc. have closed locations because, like Gymboree, they\u2019ve entered bankruptcy reorganization. Still others, such as the sporting goods chain Sport Chalet, went out of business.<\/em><\/p>\n<p><em>The investment firm <a href=\"http:\/\/www.latimes.com\/business\/la-fi-malls-closing-20170531-story.html\" target=\"_blank\" rel=\"noopener\">Credit Suisse recently estimated <\/a>that between 20% and 25% of the nation\u2019s malls would close in the next five years as e-commerce pulls more shoppers away from conventional outlets.<\/em><\/p>\n<p><em>Apparel sales in particular are expected to account for 35% of all e-commerce by 2030, double their 17% share today, the Credit Suisse report said.<\/em><\/p>\n<aside class=\"trb_embed\" data-content-id=\"93565486\" data-content-size=\"large\" data-content-type=\"pullquote\" data-content-slug=\"la-1497321124-fajzfeniuo-snap-quote\" data-content-subtype=\"pullquote\" data-role=\"sc_item\" data-state=\"\">\n<div class=\"trb_embed_media\">\n<p><em><span class=\"trb_pullquote_text\">Time really is a luxury and people are recognizing that today when it comes to shopping.<\/span><span class=\"trb_pullquote_credit\">\u2014 Pam Danziger, president, Unity Marketing<\/span><\/em><\/p>\n<div class=\"trb_embed_related\" data-role=\"lightbox_metadata\"><em>\u00a0<\/em><\/div>\n<\/div>\n<\/aside>\n<p><em>The wave of store closures is likely to continue for at least another year, said Pam Danziger, president of the consulting firm Unity Marketing.<\/em><\/p>\n<p><em>\u201cPeople often do not need to go to the store anymore to buy things,\u201d Danziger said. \u201cTime really is a luxury and people are recognizing that today when it comes to shopping.\u201d<\/em><\/p>\n<p><em>Mall and store operators \u201care starting to wake up to the fact that they\u2019ve got to change\u201d with the shift in how consumers view shopping, especially when it comes to millennials age 18 to 34, Friedman said. \u201cMillennials, and the way they want to shop, are dictating the marketplace today,\u201d he said.<\/em><\/p>\n<p><em>That means not only keeping pace with millennials\u2019 rapid use of e-commerce but also finding ways to keep luring them to physical stores.<\/em><\/p>\n<p><em>\u201cThey want to go to a mall but they want it to be an experience\u201d beyond picking out clothes and other products at store formats designed decades ago, Friedman said.<\/em><\/p>\n<aside class=\"trb_embed\" data-content-id=\"92941470\" data-content-size=\"large\" data-content-type=\"image\" data-content-slug=\"la-1490992446-qlgpgrtinx-snap-image\" data-content-subtype=\"photo\" data-role=\"sc_item imgsize_ratiosizecontainer lightbox_container \" data-state=\"\" data-embed-id=\"92941470\">\n<div class=\"trb_embed_modalBox\">\n<div class=\"trb_embed_media\">\n<figure class=\"trb_embed_imageContainer_figure\" data-role=\"imgsize_item\"><em><img decoding=\"async\" class=\"trb_embed_imageContainer_img\" title=\"People walk past paper butterflies hanging inside the Westfield Santa Anita shopping mall on Friday,\" src=\"http:\/\/www.trbimg.com\/img-58debce8\/turbine\/la-1490992446-qlgpgrtinx-snap-image\/550\/550x309\" alt=\"People walk past paper butterflies hanging inside the Westfield Santa Anita shopping mall on Friday,\" data-baseurl=\"http:\/\/www.trbimg.com\/img-58debce8\/turbine\/la-1490992446-qlgpgrtinx-snap-image\" data-c-nd=\"2000x1125\" data-ratio=\"16x9\" data-width=\"550\" data-height=\"300\" \/><\/em><\/figure>\n<div class=\"trb_embed_related\" data-role=\"lightbox_metadata\">\n<div class=\"trb_embed_related_credit_and_caption\"><em>People walk past paper butterflies hanging inside the Westfield Santa Anita shopping mall on Friday, March 24, 2017 in Arcadia, Calif. The mall has brought in a variety of Asian retailers and restaurants to appeal to the local Asian community as well as tourists. (Patrick T. Fallon \/ For The Times)<\/em><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/aside>\n<p><em>That\u2019s what developer <a id=\"PEBSL014826\" title=\"Rick Caruso\" href=\"http:\/\/www.latimes.com\/topic\/business\/rick-caruso-PEBSL014826-topic.html\">Rick Caruso<\/a> tries to offer with his outdoor shopping centers such as the Grove in Los Angeles and the Americana at Brand in Glendale. And it\u2019s why <a href=\"http:\/\/www.latimes.com\/business\/la-fi-santa-anita-westfield-mall-20170331-story.html\" target=\"_blank\" rel=\"noopener\">Westfield Santa Anita in Arcadia<\/a> has expanded its roster of Asian retailers and restaurants that cater to its sizable Asian community.<\/em><\/p>\n<p><em>Privately held Gymboree, which has struggled with a heavy debt load for some time, said it planned to close \u201ccertain stores\u201d but that the exact timing and final list of closures was still being determined. According to court documents, the San Francisco company could close up to 450 locations. Its brands are Gymboree, Crazy 8 and Janie and Jack.<\/em><\/p>\n<p><em>\u201cWe expect to move through this process quickly and emerge as a stronger organization that is better positioned in today\u2019s evolving retail landscape,\u201d Gymboree Chief Executive Daniel Griesemer said in a statement. The company has about a dozen Gymboree stores in Los Angeles, according to its website.<\/em><\/p>\n<p><em>Ascena Retail said Thursday that it would close 268 stores in the coming two years on top of 71 stores it already has shut this year across its seven brands.<\/em><\/p>\n<p><em>In California, the Mahwah, N.J.-based company has 64 Lane Bryant stores, 48 Dressbarn stores, 38 Loft stores, 30 Justice stores, 20 Catherines stores, 17 Ann Taylor stores and 17 Maurices stores, according to the chains\u2019 websites, for a total of 234.<\/em><\/p>\n<p><em>An additional 399 stores would close if they\u2019re unable to obtain certain rent concessions from mall operators and other landlords, Ascena said.<\/em><\/p>\n<p><em>David Jaffe, Ascena\u2019s president and chief executive, told analysts that the declines stemmed from \u201can extremely competitive market environment\u201d that included \u201cpersistent\u201d declines in store traffic and \u201cintense promotional activity.\u201d<\/em><\/p>\n<p><em>\u201cWe expect these factors will remain major headwinds for the foreseeable future and reflect an accelerated shift to consumer demand toward e-commerce,\u201d Jaffe said.<\/em><\/p>\n<p><em>Fourteen-year-old Denisse Rodas dropped by the Eagle Rock Plaza on Monday in search of a swimsuit ahead of summer\u2019s rising temperatures. The fit couldn\u2019t be left to online chance.<\/em><\/p>\n<p><em>\u201cI\u2019m just here to buy a bikini,\u201d she said. \u201cI have been here before, but I hardly come here.\u201d<\/em><\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>From the LA Times, and titled &#8220;In the Age of Internet Shopping, Even Big Retailers Are Closing Stores At American Malls&#8221;, \u00a0this article really won&#8217;t surprise anyone. \u00a0As someone who does more than 50% of his non-food shopping online, mostly through Amazon, the trend is definitely not going away soon for me and certainly not <a class=\"read-more\" href=\"https:\/\/re-tales.net\/?p=2272\">Read More&#8230;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[],"class_list":["post-2272","post","type-post","status-publish","format-standard","hentry","category-retail-trends"],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/re-tales.net\/index.php?rest_route=\/wp\/v2\/posts\/2272","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/re-tales.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/re-tales.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/re-tales.net\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/re-tales.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2272"}],"version-history":[{"count":2,"href":"https:\/\/re-tales.net\/index.php?rest_route=\/wp\/v2\/posts\/2272\/revisions"}],"predecessor-version":[{"id":2274,"href":"https:\/\/re-tales.net\/index.php?rest_route=\/wp\/v2\/posts\/2272\/revisions\/2274"}],"wp:attachment":[{"href":"https:\/\/re-tales.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2272"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/re-tales.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2272"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/re-tales.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2272"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}