Woe is Me . Retail Declines

Oh, dear.
Consumers are spending their money on services not on retail. Consumers are spending their money on experiences not in stores. Consumers are spending their money on destinations. Woe is me. Woe is us. Mall space is not only retail space Mall space is not retail space only Mall Space is Real Estate. Real Estate is an Asset. Mall Space is an Asset. Transform the Mall into a destination where people can spend their money on the experience & have modified retail space to capitalize on the "internet experience". The Department Store becomes a hands on catalog with a digital purchase & an overnight delivery. Analogy: Did you have a job? Yes. Did you drive to work? Yes. Did you lose your job? Yes. Are you looking for a new job? Yes. Until you find one you can A. Leave your car in the garage & pretend you are looking for a new job, or B. Turn your car (asset) into an Uber or Lyft car in order to generate a revenue flow in the area where you are looking for a job. Buy a mobile hot-spot to connect to the internet at an affordable rate, Expense your car, Network with other.

Old Mall New City

Another Analogy

You own a filling station. Sales are off because People are driving less People are switching to hybrid cars People are car-pooling  People are using public transportation. The station down the street has the same problem The station down the street raises gas prices to offset the decline in revenue. More people switch to hybrid cars. You, however, read my posts. You install electric-car charging stations. You attract owners of hybrid cars. You are able to hold or lower your gasoline prices. You attract owners of gasoline powered cars. Your installation of charging stations (diversify your business activity) enables you to increase revenue. You attract  Standard Car Owners Hybrid Car Owners Electric Car Owners

Who Moved the Store?

Who is Killing the Supermarket?
Regards,

Slim. "If you find anything here to be helpful, please don't hesitate to send me a really tricked out Mac Pro and to tuck a few dollars into the envelope into the thank you note. Slim.


Robert Asken
Box 33
Pen Argyl, PA 18072

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