The Death of Malls?
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- čas přidán 23. 11. 2017
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You've probably seen or heard about malls closing, but this doesn't necessarily mean the end of malls entirely, and online shopping isn't quite the enemy that you might expect.
*The end of this video includes a paid sponsored promotion. This company had no part in the writing, editing, or production of the rest of the video.
Sources ###
Music is Wallpaper Kevin MacLeod (incompetech.com)
Licensed under Creative Commons: By Attribution 3.0 License
creativecommons.org/licenses/b...
The “mall formula” idea inspired by this: www.hbs.edu/faculty/Publicatio...
Game is Civilization 5 (go buy it)
Clip of IRL person talking is an Apple executive from the September 2017 Apple Special Event.
Anchor store source (among many others): www.marketwatch.com/story/10-t...
Future of malls source: www.forbes.com/sites/stevende...
Tom Simmons, who oversees the mid-Atlantic shopping center division of Kimco, another real estate giant, is more blunt. “There are B and C malls in tertiary markets that are dinosaurs and will likely die,” he said, but “A malls are doing well.”
Internet sales up (not meant to be exact, only show a trend)
pewaukeeeconomics.blogspot.com...
Map is United States of America with States - Single Color by FreeVectorMaps.com *Image edited
Living inside mall article: [You Can Now Live Inside America’s First Shopping Mall for $550 a Month - Westminster Arcade Rhode Island](www.countryliving.com/real-est...)
Other sources:
www.forbes.com/sites/stevende...
www.fixr.com/costs/build-shop...
www.hbs.edu/faculty/Publicatio...
www.ten-x.com/company/blog/fo...
www.cnbc.com/2017/01/26/why-t...
www.theatlantic.com/business/...
www.businessinsider.com/so-wha...
www.vox.com/new-money/2017/5/...
www.margaretriverbusiness.com/...
www.investopedia.com/financial...
www.washingtonpost.com/news/b...
www.cnbc.com/2017/01/05/the-r...
Hey everyone! Because of exams and traveling, there will be a longer gap until the next video. I’ve got several exciting scripts in the works, as well as an entirely different project which I think you’ll enjoy but December is a recovery month for me, so things are slower.
I love your videos! Thank you.
Ah. That's sad but it is fine/
PolyMatter 🤔
typo @ 2:53 "alogithm"
radioshack and sears lol
Amazon is barely a thing here in Brazil. *Which is pretty ironic.*
Lot of people don't have money in Brazil.
@@Lili-kr4pj A lot of them live in poverty it's sad but true.
And what is a go to thing in Brazil?
Enjoy it while it lasts.
Wheres Brazil I've never heard of that state
I remember in the early 80’s a new mall opened in the area with a glass elevator that went up one floor. It was a hit. Things were simpler then.
life has never been simple really. i mean today, one of the most exciting places in zambia is one of its two escalators. you’re not comparing apples to apples.
I don't see myself buying shoes or clothes online anytime soon. It's just too much of a hassle to return if they don't fit.
Until they invent a way that makes me as sure of a clothing/shoes fit as actually trying it on before buying, I'll stick to retail.
Peasant of Pontus yeah, but food definitely won't be ordered online. Food markets will still be active for a long time, which is why amazon invests in food companies
Peasant of Pontus in India all online retailers have a return policy plus they accept cash on delivery. I don't know it that's the case with other countries 🤔
That is pretty cool that you guys have that in India. In somalia this is surprising to most people but if you want to buy something you just give your phone number to them and bam it is yours and they got their money. Easy as that. Hopefully other countries will adopt that because of its simplicity.
Peasant of Pontus how do u figure, put it in a box, slap a label on it and take it to the UPS store.
Intuitive sites have a digital mannequin that lets you put in your exact measurements to see exactly how each different brand and style fits.
The animation and the graphics are amazing - the overall production quality is! Congrats to whomever is working on this!
too bad he doesn't know that it's = it is / it has
*Why go to one store when you can go to them all?*
go to them all?
to them all?
them all?
*the mall?*
You can go to 5 or 6 stores... or just one
Nicosarea that's really probably how it happened
Hold the door!
Hold the door!
Hol the door
Hol door
Ho door
Hodor
Hodor
Hodor
Arturo Soto I was just about to type that.
seriously though, the writer is a genius for coming up with that. GRRM
I think you're right in the sense that malls will be a different experience. I don't think they'll go away completely but there will be fewer malls.
World Wide Wong The mall here in zboring ohio. is busier than ever
Agreed. Lets look at the retail industry of the 80's and 90's, successful companies were all victims of their own success in that they grossly over expanded and opened more stores than they could effectively operate. As the online industry started eating into their profits they started closing their doors in droves. Those that restructured their business model in time and applied their focus to online business and their top selling brick and mortar stores made it, the others died or are currently on life support.
World Wide Wong The customer service and care that Physical stores can provide is just no match for online shopping. Despite it all one sector that has been growing back is PC parts retailers, you wouldn’t expect it. But they bet on capable workers that can explain and help people build their ideal computers.
umm.. you repeated what he just said
Yes its just an adjustment. The internet took a slice of retail and now they need to close some stores to balance it. I don't like shopping online at all. I only shop when i need something right now. I don't have time to wait for shipping. There are a lot of things where amazon is way more expensive than retail also.
I still prefer to buy in person then online just because I'm inpatient and it's easier to return and get my money back
Funny, Sears was the Amazon of its time.
Jay Brown true
It was super common int eh 70's/80's (as in, every boy did it) to jack off to the lingerie section of the Sears catalogue that got delivered to each house. It was so common that Nick Nolte referenced it in the original Point Break movie.
@MahaerHD - Memes and CZcams Poops! I think what he is referring to is the catalog. They started that trend/fad. It was exciting to get the catalog in the mail then send in the order form and just have it delivered to your front door all while still appealing to its traditional brick and mortar customers. It was period appropriate and everyone loved it so much that other retailers begin to lose business. Correct me if I am wrong Jay ?
Ehh, but Amazon isn’t supposed to be allowed to exist as it currently does. They were built on malpractice
@@jasondashney well no cause if you can get to Amazon then you have a device and internet to just watch porn.
Dude I love the effort you put into your videos, the animations are brilliant, especially considering you make them yourself. Great job 👌
True
I assumed that this was using some sort of animation software?
A very good study. It does put some logical sounding perspective on the doomsayers commentaries you hear all the time.
In our city, most of the large malls are dead or dying except one, which is in the wealthiest part of town. It’s the oldest mall (dating back to the 1950s) but it has the higher end “yuppie” stores like Apple, Pottery Barn, Mr. Ooley’s Fine Menswear, etc., and is thriving more than ever.
The other malls are in middle-to-lower class areas (or former upscale areas that went downhill). So this report makes sense.
Good video, thanks!
The rich are getting richer so the malls won't really die but they will dwindle and only ultra high end malls will survive the rest will die as the middle class is absorbed by the poor
In my city we have one of the biggest malls in the world (West Edmonton Mall) it has a full sized ice rink, pirate ship, amusement park, and not just full sized, but HUGE water park (The World Waterpark)
I love the nod to Civilization 5 in the beginning
CIV 6 is out
Also I love civ
TheDerpyArmy Ugh, Civ 6 is not even close to 5
Oh.... I thought it was a settlers of catan reference....
Lots of games use hex tiles with things on.
“Big smart companies like Apple...”
Also Apple: $999 Apple Stand.
Smart company, stupid customers. The perfect combo.
That's why they are one of the biggest companies. When you overcharge and customers want to pay even more...
the stand and wheels were to make them seem like a more high end company while still charging a fair price for their popular products
Apple is making customers pay for the luxury exclusivity of products.
A $999 Apple stand probably made from $20 worth of parts and labor is only $999 because of the Apple logo.
People will pay top dollar for the logo rather than the convenience of the item itself just because the brand is proven to make lots of money. Supreme, Apple, Nike/Jordan, etc.
@@pamoon_ wrong although of the price is very high you would be wrong to think the parts are only worth 20 dollars. The build quality is really good.
Dude, your design of the animations is great.
Your play cards with the stores on it really made me laugh. You bring unbelievable much detail in your video.
I love it
The collapse of the middle class...
In what way? The middle class is doing better than ever.
Glorval MacGlorvas dude what are u talking about? they re disappearing. Rich are getting richer the poor are getting poorer
The poor are not getting poor, the rich are getting richer really fast, the poor are getting richer slower but still are. A minimum wage employee at McDonald's will live longer, have better food to eat, and more things to do than the RICHEST kings of the past.
in india the rich are getting richer ,poor are turning themselves to middle class, but middle class people are there where they were before.
What are you people smoking? If people were doing so great you wouldn't see strange election like Trump. You wouldn't see brexit. You wouldn't see airlines like Lowfares airlines.
2:09 *Safety on Mazlo's Heirarchy*
*Shows Paul Blart*
I don't know why, but that part just made me laugh so much. XD
Why doesn't PolyMatter have a Patreon? I would gladly donate to it.
That's great to hear :) I'm thinking about it, but I worry that I have no way to gauge interest in one. If I were to create one, do you have any ideas for rewards? So far i've been thinking of creating some wallpapers, and perhaps custom icons/graphics.
release videos 2-3 days before for patreon users, create special videos for them, offer merch, etc, do live streams and such
PolyMatter Maybe release videos to your patreon supporters like a day earlier, allow them to ask you 5 questions about anything, a customs wallpaper, a custom wallpaper printed and signed, a special mention at the end of the video (like their name is golden or something idk), a special request for a video idea, a date with me. Huehuehue
I know some channels don't have any rewards and just have the different donation levels, but I think wallpapers and icons are good, perhaps including peoples names in the video descriptions or at the end of videos, release videos a day earlier to patrons, Q&As, I think those are all good.
Cheater McCheaterson, I really like this idea. I don't know if I could make a whole video for each one, but perhaps some behind-the-scenes stories and information on each video.
Wow, I've been watching your videos for years, and always felt that your channel was highly underrated, I'm glad to see you channel finally receiving the growth that it deserves. You have inspired me to start making similar video. Keep up the great work!
they repurpose old malls into training centers or hotels or residences for people to live in. That would great use of that old space.
The best way to predict the future is to invent it.
Dude your content is so informative and well researched.
I hope your channel grows expotentially.
I research for a profession and know how much time and effort this stuff takes.
As someone who is scared of high ceilings and shiny floors, I’ve never liked malls, but I always liked the idea of being able to shop and then grab something to eat like that
You produce excellent content. I really appreciate channels like this where more effort is put into producing less frequent, higher quality videos. Keep up the great work!
“A unit needs orders” Literally the bane of multiplayer civ games
The only problem with online shopping:Scammers,
That nonsense can happen in stores too you know. You can get counterfeit junk there, poorly made clothes and products, oh, not to mention getting shortchanged by a sales clerk, or overcharged for an item.
yes but in real life, you have a chance to see the product before buying it, but online? there's no way you can check if it's legit
Lol, with companies like Amazon scammers are a thing of the past. Except for a few very specific things that you can't get on Amazon or ebay like research chemicals
the only problem with walk-in shopping:getting off your ass to get scammed.
Then only shop at well known places
Amazon didn't buy whole foods just to be a store. They bought it to get in to the food logistics to eventually deliver food to you and to start turning them in to amazon go stores but on a bigger scale. So instead of wasting a hour + inside a grocery store each week. You will either order online and pick it up in person or have it delivered to you. Walmart sees this coming and already started something similar. My wife no longer goes grocery shopping. She just orders groceries online from Walmart same price and sets a pick up time. I live in Florida and all major (updated) malls around here are having trouble getting and keeping return customers. The parking lots used to be packed and now you can pretty much get the first parking spot by an entrance only less it's a holiday. I don't think retail will die I just think malls in general will. You can pretty much buy anything online half the price in the comfort of your home and it's getting to the point if you live in a major city you can already get same day delivery at no extra cost.
Its i different world today, malls used to have smoking , kick ass arcades, multiple music stores, people were not getting shot for shoplifting. Was a pretty fun and free place for different times.
There are two upscale malls in Dallas, the Galleria and North Park. Another great mall in the DFW area is the Grapevine Mills Mall, which is unique for the fact that it has an aquarium, an AMC, and unique stores you don't find in other Malls. All three are still thriving. Go into any other mall in the Dallas area and they are either swapping out stores for lower end cheaper stores, or they are filled with vacancies. Some malls are being completely re-purposed. Valley View mall only stayed alive because it had an AMC, all the other stores closed except for a couple food court stores, but this mall is being transformed into an art gallery. The AMC is staying, but all the empty stores are becoming art galleries for small scale artists to display and sell their art.
Michael D'Augustine Don’t forget about Willow Bend Mall. Honestly I feel the only reason it’s still there is because of the Apple store.
But Stone Briar in Frisco is bad ass, been going there since I was a kid 🙇🏻
My local mall in Virginia is the Potomac Maills Mall which is similar to Graveine Mills Mall. Potomac Mills Mall was the first in the Mills Corporation's chain of shopping malls, and has over 225 retailers and an 18-screen AMC movie theater. It is now a Simon mall. In 1993 it was said to be the state's top tourist destination.
Grapevine is also right next to the airport, so there is a lot of tourists. I miss Valley View when it was thriving, they had so much cool anime stuff.
0:08 nice civ reference
amazing ... the first promotion that was so well done that I actually tried Skillshare out right away . also very interesting theories you have here ... never thought about the "dying " retail stores that way before!
I appreciate the tiny additions to your animation. Very well detailed.
Your videos are so great. I have also seen your videos on Apple. Just great. No channel can explain business better than your one. Keep making such fantastic videos.
In my country Malaysia mall grown like mushrooms..
Happened in the US 20-30 years ago as well.
JJ Official Worldwide lmao. Its like virus outbreak here
People in this region flock to malls as it is air conditioned. There are not many places to go when the sun is out.
Exactly! Malls and expensive condos. Average ppl can only dream of a comfy domicile and foolishly settle for quick comforts from Darth Mall.
Aseng Peace common in south east asia...😂😂😂
Great Vid! I used to think that Malls were toast, but this year I ended up doing my holiday shopping at the mall because I've noticed a marked drop in the quality of certain goods on Amazon in the last year or so. Mall vs. online prices were the same, and it's nice to be able to touch and see what I'm buying; not just rely on an edited photo or having to sift through tons of poorly written reviews.
I'm always amazed by the quality of your videos! You deserve a lot more subscribers than you now have. Hope you make it big and can do this full-time at some point. If you set up a Patreon, I'd gladly throw some support your way.
Malls are not going anywhere. it really all depends on how a mall in your neighborhood is performing.
man, I still don't know how you have less then a million subs
great video, as always!
Love your videos, and animation style. Thanks for your contribution to CZcams!
The outlet near me that has many high end stores like Gucci Burberry and coach and we get a ton of asian tourists
And it's like they design malls with every feature I deliberately skip malls to avoid.
I thought Wyoming having three malls was a joke. I just looked it up and now I'm shooketh!
Great video! I pretty much agree, retail is going to evolve, just like most industries have when technology came along.
Something to add to your point about higher end stores: higher end labels tend to have better control over their supply since for the most part, their business is in their brand. So while you can get an HDMI cable at various sources, a high end piece of clothing may only be available at that clothing label's store, or a high end luxury department store. This is the same story for online shopping: the brands will control which online retailers are allowed to carry its goods (and sometimes even control sales like Apple does), therefore keeping the exclusivity and shifting the focus on their own brand.
These videos are dope. The hidden jokes and animations are great.
But do you ever hang out with your friends in Amazon?
Good video,as always!
walk in store will never get old as long as they continue to be innovative, and exquisite! you simply cannot replace the feelings of seeing the items with your own eyes versus through a screen. Also, some people view the shopping experience as way to spend time with friends and family, which cannot be done by using an electric device. I do agree with you that online shopping might be appealing to those who're short in time or look for a bargain... but as far as experience, the traditional malls will never get out of fashion.
Unless AR/VR become a thing, in which case R.I.P. malls.
Great explanation. Easy to understand & on point. I loved the video!
Middle class malls need Condo complex anchors that way people can live near shopping and those store in the middle will thrive and food courts can profit from in house customers.
Those don't always work. They tried a lot of these pre-recession and while some were built, many others either never were or eventually got grazed over. The problem is who wants to pay 2-3x the price of a place when just literally a few blocks away they can get something twice as big for 1/3 less. They only work successfully in dense urban cores, which are not typically where you have mall abandonment problems to begin with, as much of it is in suburban regions.
I would never buy clothes online, Id rather try them and then decide weather to buy or not.
But with stuff like tecnology, online is the way to go
This so much explains why I have never seen a Sanrio Hello Kitty store or Hot Topic store outside of a mall.
I also have a friend who lives out of state in s small farming town. This explains why she has to drive 1 hr to reach a city that has a mall.
There are certain products that I need to see in person before I purchase them. Furniture is a good example of this for me, but I imagine most people have a set of products they need to inspect in person before they are willing to buy them.
Malls have (generally) always served the middle-class, the middle-class is being phased out....
Can't wait for Part Blart Mart Cart 3
Omg
I just discovered your channel.
I LOVE IT.
This part really pushed me to subscribe.
3:27
In my local area, all the malls are expanding and adding more shops and services.
I still don’t get why he doesn’t have more subs
Because PewDiePie is obviously ten times better
Good video, however I take issue with one assertion - "the upper class is growing". Its not that they are growing in percentage of the population. Its that more of the wealth of this country has been shifting there at the expense of a shrinking middle class. It is this trend that has been responsible in part of the decline of the mall. But the main point of the video stands. The mall will still be around, but will be considerably fewer in number and increasingly cater to upscale affluent consumers who have a lot of disposable income.
The other part to understand are shifting demographics. Many areas that were upper middle class prior to the housing crisis have become lower income tenant housing areas. Guess what, malls don't make money off that kind of demographics and those kind of people only bring crime and trouble.
Dennis McIntyre you mean the lower class is growing not upper class
I think they are
www.pewresearch.org/fact-tank/2018/09/06/the-american-middle-class-is-stable-in-size-but-losing-ground-financially-to-upper-income-families/
Wrong. If you see the data povertry is diminishing and middle classes are not getting poor. In fact 6% of the americans are millionaires!
There's 2 major malls in my city, one of them is pretty much dead except the movie theater attached to it. It's parking lot is occasionally used as a fairground.
BTW - Yes, there are malls in WY, a couple of reasons. It's really cold in the Winter months and it's windy too. There are malls all over WY in every major city, but even in the smaller cities too.
I rather go to malls than to shop online.
And I'd rather shop online than go to a mall. Hopefully, both of us can still get what we want.
Al F the only thing you should shop in malls is food really, and maybe some other supplies, most other stuff can be ordered online, especially since it can come really quickly, you can even order stuff online!!!
It's also the experience of going to the mall and the stores, trying things on in person, social etc. That being said I like both.
+shammy dammy i agree with you online shopping is much better and money saving deals plus extensive items to pick out
Even if I lived closer to a mall, and could cut out the hour travel to get to it... I don't particularly like the experience and, looking at the last few things I bought online... five out of the six were only available online. The sixth item could be found in a brick and mortar store, but would be 20% more expensive. I'm not a fan of fast fashions or overpriced bath bombs, and most malls today have lost their bookstores.
Damn, I love Radio Shack. Where else can you buy one capacitor? Or potentiometer? Are you going to order one resistor online?
Yeah?
Boy could I use one in my city. There are over 150,000 people in my city and you have to go a couple dozen miles to find the nearest electronic parts store.
1:15 yay i live in Washington! Nice video and you explain stuff so clearly!
awesome presentation of the facts. . . . subscribed right away.
I avoid malls as much as I can. 90% of the smaller stores sell goods that are either very overpriced or very dull and pointless. I hate the fact I have to walk for 5 mins to get between the stores I need to visit. I hate how people amble along in malls. I hate outside restaurant seating that is still indoors. I just hate the whole experience. The only reason I ever go to them at all is because it's frequently the only place to get clothing.
Actually, no. I live in a really hot country at the moment.
That's a lot of hate and negativity. Very unattractive.
On the other hand, isn't clinging to positivity just for the sake of it kind of vacuous?
Don't make eye contact with the people selling shity perfume.
No, positive thinking just makes you feel better and doesn't make others not like you. I'm not saying be overly nice or positive, but again, negativity is a very unattractive trait.
When the Lamb opened the third seal, I heard the third living creature say, “Come and see!” I looked, and there before me was a black horse! Its rider was holding a pair of scales in his hand. Then I heard what sounded like a voice among the four living creatures, saying, “A quart of wheat for a day’s wages, and three quarts of barley for a day’s wages, and do not damage the oil and the wine!”
I love the flavor text on the "meta deck" cards, although I have to point out that for the first one it would've been a LOT more appropriate to use Sears instead of JCPenney.
I totally agree with walk-in retail staying around. When it comes to buying a device (phone, laptop, etc.) I prefer taking time to go to the store. There is something satisfying about leaving one of your favorite stores with a bag in hand that is full of your new merchandise. I think a lot of people feel this way and will for a long time.
Informative, good memes, oh, and Civ 5. Nice
My country is so behind the technological age that we are just starting to open malls now....
Where are you from?
I subbed after watching 4 vids.... Your voice is so chill
That makes sense now. Macy’s is on the other side while the food court is on the other. Most people eat food if they go to the mall so if they’re trying to get to another large store they’ll be pressured to go into other stores. Plus there are little shops in between the hallways.
Id say the growth of walmart has damaged malls more then the Internet.
PolyMatter: As long as the upper class keeps growing, malls will be fine!
Me: *looks at the shrinking middle class.....gives PolyMatter the side-eye*
Middle class is not shrinking
@@migueldomingos4570
Depends on where you live.
I love style of editing that you do!
in London, we have a mall in between Stratford station and the tube.
RadioShack: damage your opponent with overpriced accessories 😂
Malls will never die. Some will, yes. But people will always want to try things on and feel things before buying
Yes but those few people that want to "try things on and feel" won't be enough customers to keep the store a float.
We only have one mall and the outlet and outdoor "malls" are killing it! What was once the center of activity in our area is now a bunch of closed, bordered up stores and even a car sales display area. Teens roaming like uncontrolled rats drove many customers out of it and it will soon be a vacant building waiting for the inevitable wrecking ball.
This is very true. A new mall opened up in Puerto vallarta, la isla and its full with cool stores like H&M, Clavin Klein, Versace, starbucks, it has boat rides, food, live music, MAC, Bershka, forever 21. It's great, I go there almost once a week.
Great video as always! Inspiring stuff, keeps the mind apparatus running.
One thing that's kinda bugging me about this though: You're basing your final argument on amazon buying whole foods. I think people will want to be able to see and hold the food they buy for a long time coming and I think walk in IS dying, in every branch except for groceries.
And amazon sees it this way too I suppose, that's why they're buying a food chain, right?
Malls will never die as long as high school and middle school students have nothing to do
Fortnite
Well done! Never thought of malls in this way before.
The Amazon acquisition of whole foods was also about access to distribution (of food)and Amazon fresh they gain easy access to regional produce providers and instantly have access to wholesalers that work with whole foods
its*
Yes, down with the outdated stores! I go to Best Buy in need of a DVI to HDMI adaptor, it's nearly $40! Amazon has it for under $4... At least Macy's and such have a better chance since I'm definitely not the only one who needs to try on certain items before buying them, but computer tech, tvs, electronics? Amazon all the way.
Really good point you have there. I don't think clothing stores are going anywhere just because of the fact that clothing is something that people tend to buy in person. (Also speaking of which Macy's has the best market share in terms of profit for retail clothing stores).
Best buy more like worst buy
I work at vans in a mall. It gets busier every year. And tell me how many people are going to buy shoes online over going to try them on and see them in person.
1:26 Makes me sad thinking of good times looking through parts trays at radioshack :(
Paul Blart lmao
Is that a motherfucking hearthstone reference
The mall where I live is in the throes of death. It lost one anchor store last year, and is losing another one, next month. There are numerous empty smaller stores within the mall, and the food court is pitiful. However, just down the road 100 miles in my hometown, the mall there is thriving, doing better than it ever has. Both malls are owned by the same company, are based on the same design, and have similar surrounding stores and restaurants. The latter one is located in an area that is booming, while the former is in an area in which the business environment has stagnated and there hasn't been any real job growth.
I live 20 min on the bus from West Edmonton Mall. I cannot remember the last time I set foot in one of the anchor stores. My barbers are there, so I visit them for a haircut and trim, to the drug store to buy a bus pass, or to eat at one or two decent food court outlets. More likely, I’ll go to my local strip malls, if I go out shopping. While I am a customer of Amazon, I have discovered a number of other on line merchants who I buy from. Amazon has become like my WEM. It is so big that if I am looking for just one thing, it can be difficult to find. Smaller shops are easier to navigate.
I’ve worked in retail my entire life from Michael Kors to higher end like Versace and Burberry .
The malls ARE dying no matter the brand . How high end or low end . I see the foot traffic numbers decrease greatly every year and stores being shut down left and right . Even In affluent areas
Dang. I was wishing for a happy ending where all malls died.
Connor Neely What’s wrong with malls?
+The Tribal Funkster American? Mass consumerism is a phenomenon which can be observed throughout the West and increasingly in Asia, you ignorant hipster moron.
The Tribal Funkster
I don't know about you, but I go to the mall to see the product and test its quality. Malls dying wouldn't be any good.
Crying potatoes Not to mention It's a nice way to spend time with friends. Sometimes we don't even buy anything.
i miss the old android emojis
loved this one, great analysis of the market, and especially love the "Civilization" reference!
Hey I live I Wyoming and it was crazy to see Wyoming on such a big channel!
I think amazon bought them because they want to go into online food order and delivering
My theory is access to a new supply chain for fresh produce and then giving Alexa an e-commerce purpose.
No one really needs to visually shop for a bag of tomatoes. We know what they are, we can just order them via voice. Nike’s, not so much.
More on that idea here: link.medium.com/g1hl8D43GR
Monty G That's exactly what they said the reason was.
Abandoned malls will be used for other purposes.
just like all of those olympic villages that haven't been totally abandoned, right?
not
Okay I'll assume that you're not trolling and are simply ignorant on the facts, so here goes a few sources:
www.bloomberg.com/news/articles/2015-01-08/medical-clinics-take-over-malls-empty-spaces
www.businessinsider.com/dead-shopping-malls-transformations-2017-3?r=US&IR=T&IR=T
gizmodo.com/7-dead-shopping-malls-that-found-surprising-second-live-1634073681
www.marketwatch.com/story/malls-fill-empty-space-with-mom-and-pop-shops-medical-offices-even-a-high-school-2017-03-06
In case you're one of those people who just says "Stop posting sources and make an argument!"
Here goes the simple versrion:
As pointed out in the above video, malls exist in a specifically outlined set of intersections, namely between tourism, good road access, population centers, and other advantageous permanent features of geography.
Coincidentally the same things that make a mall successful, make a healthcare clinic successful.
It's cheaper to buy a mall and renovate it than to build a brand new hospital from scratch, you also save millions in legal issues and perhaps a decade in building time.
Malls =/= olympic villages
Olympic villages are purposely built far away from everything.
Please. Study an issue before you comment.
Some will. Some won't. CZcams has quite a few mall demolition videos.
Fortune no just sit empty like the closed one for the past 20 years.
Fortune yeah coach houses
I ABSOLUTELY LOVE YOUR VIDEOS!!!
amazing video. very enlightening. subbed