Showing posts with label Mall. Show all posts
Showing posts with label Mall. Show all posts
Monday, August 19, 2019
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
Copyright © 2019 Robert Asken
All Rights reserved.
Thursday, January 31, 2013
Old Mall, New City
The gloom and doom being reported is the decline of the mall.
Why?
1. On-line retailers are taking business.
2. There is not enough investment capital.
3. There are not enough entrepreneurs.
4. Everyone is going into tech.
5. The bad economy.
Herein: A Shift in the Paradigm.
Do you own a mall? Is traffic down? Are businesses going out of business? Do you find that you can no longer command the high rent from your tenants? If you said yes to some or all of these, here is a solution.
The Mall is the New City.
The population has shifted to the suburbs. And now, with town-houses moving more and more people into less and less space, the downside to cities is manifesting itself.
1. Restaurant Row.
Your mall can be the city street catering to those who want the dining out experience.
Chinese, Indian, Mexican. The Steak House, the Vegan Experience, the Bistro. You can do the "chain" experience if you want to: P. F. Chang's, Benihana, Outback, Red Lobster, or you can go with restaurateurs.
2. Entertainment
The Date Night Experience requires entertainment. At one end, The Jazz Club; at the other end; The Blues Club; The Country Western Corral. The Multiplex can be replaced with several theatres throughout The Mall.
3. The Experience
For the ambitious, we can turn one wing of the mall into Bourbon Street; another street into Broadway; another street into The Avenue des Champs-Élysées.
"Flower for the pretty lady, Mr?"
While we may have no street cars we can, with the right mall and the right conversion, have a canal for the Gondola.
4. The Summation
The Mall can be the perfect alternative for those who want the city experience. Everything from a stroll down a clean, safe, street with many options. For some, you can provide the Valet Parking Entrance. For small groups, the built-in Limousine Service. For the "safe ride home" taxis waiting at the stand outside the mall.
As we watch mall traffic decline, the roi on the investment declining, the path of the trajectory looking less attractive, it is about time we stopped thinking outside the box and started thinking inside the mall.
Warmest regards,
Slim
slimfairview@yahoo.com
If you find anything here to be helpful, please do not hesitate to send me a really tricked-out Mac Book and to tuck a few dollars into the envelope along with the thank you note. Slim
LinkedIn Profile
Robert Asken
Box 33
Why?
1. On-line retailers are taking business.
2. There is not enough investment capital.
3. There are not enough entrepreneurs.
4. Everyone is going into tech.
5. The bad economy.
Herein: A Shift in the Paradigm.
Do you own a mall? Is traffic down? Are businesses going out of business? Do you find that you can no longer command the high rent from your tenants? If you said yes to some or all of these, here is a solution.
The Mall is the New City.
The population has shifted to the suburbs. And now, with town-houses moving more and more people into less and less space, the downside to cities is manifesting itself.
- High prices
- Far Drive
- Expensive to park the car
- Walking outside in good weather and bad
- Crime
1. Restaurant Row.
Your mall can be the city street catering to those who want the dining out experience.
Chinese, Indian, Mexican. The Steak House, the Vegan Experience, the Bistro. You can do the "chain" experience if you want to: P. F. Chang's, Benihana, Outback, Red Lobster, or you can go with restaurateurs.
2. Entertainment
The Date Night Experience requires entertainment. At one end, The Jazz Club; at the other end; The Blues Club; The Country Western Corral. The Multiplex can be replaced with several theatres throughout The Mall.
3. The Experience
For the ambitious, we can turn one wing of the mall into Bourbon Street; another street into Broadway; another street into The Avenue des Champs-Élysées.
"Flower for the pretty lady, Mr?"
While we may have no street cars we can, with the right mall and the right conversion, have a canal for the Gondola.
4. The Summation
The Mall can be the perfect alternative for those who want the city experience. Everything from a stroll down a clean, safe, street with many options. For some, you can provide the Valet Parking Entrance. For small groups, the built-in Limousine Service. For the "safe ride home" taxis waiting at the stand outside the mall.
As we watch mall traffic decline, the roi on the investment declining, the path of the trajectory looking less attractive, it is about time we stopped thinking outside the box and started thinking inside the mall.
Warmest regards,
Slim
slimfairview@yahoo.com
If you find anything here to be helpful, please do not hesitate to send me a really tricked-out Mac Book and to tuck a few dollars into the envelope along with the thank you note. Slim
LinkedIn Profile
Robert Asken
Box 33
Pen Argyl, PA 18072
Copyright © 2013 Robert Asken
All rights reserved.
All rights reserved.
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