Re:The largest retailers in the US do not look very healthy
by ridiculous_fish on Tuesday December 25, 2012 @03:32AM
(#4965485)
Fremont, CA contains a shopping center I like to call "Furniture Hell." The shops in this center are all zombies, each and every one converted to retailers for imported Chinese furniture. All of them claim to be near-death, going out of business, and yet live on for years. Their banners reach out at you, groaning "SAAAALE."
The most uncanny of the stores, what I like to think of as the Zombie Leader, calls itself the "Furniture Depot," and as you may have guessed is built in the corpse of a Home Depot. The new residents only fill a small part of the cavernous building. The disused portion has all of its aisles removed and its lights turned off, and so it stretches backwards seemingly forever, disappearing into the darkness. Home Depots are huge.
Re:The largest retailers in the US do not look very healthy
by derleth on Tuesday December 25, 2012 @04:03AM
(#4965542)
> The disused portion has all of its aisles removed and its lights turned off, and so it stretches backwards seemingly forever, disappearing into the darkness.
And the thing of it is, it would likely be kind of expensive to shoot a zombie movie here.
Re:The largest retailers in the US do not look very healthy
by twoodfin on Tuesday December 25, 2012 @12:31AM
(#4965180)
Haven't we known for years that traditional malls are dying? So-called "lifestyle centers", typically anchored by a Whole Foods or otherwise hard-to-virtualize establishment, have been sprouting up for a decade.
And there's still room for specialty retailers. Somehow the two highest revenue/square foot stores didn't make it into these tables.
Yes, the traditional 50+ store indoor mall is a dinosaur, and there will be fewer and fewer of them each year. No, Americans are not going to stop shopping IRL.
Re:The largest retailers in the US do not look very healthy
by sneak on Tuesday December 25, 2012 @05:56AM
(#4965751)
What is a high-volume business that has mass-market appeal and can benefit from falling retail costs?
It has to be something that you'd never buy online, or that has some major advantage to physically handling before purchase... or maybe some sort of service.
Re:The largest retailers in the US do not look very healthy
by ams6110 on Tuesday December 25, 2012 @10:10AM
(#4966124)
Clothing, fresh food (meat, produce, etc.) prepared food (eat in and take out), and I think consumer staples (soap, toiletries, misc) that's just quicker to pick up on the way home than to order and wait for. Unless you're really well organized, you tend to buy that stuff when you've run out and you won't want to wait a few days for shipping.
Re:The largest retailers in the US do not look very healthy
by graue on Tuesday December 25, 2012 @02:15AM
(#4965367)
Third paragraph:
> A number of physical retailers have already succumbed to online competition including Circuit City, Borders, CompUSA, Tower Records and Blockbuster
I was curious about the timeline of these closures so I opened all five businesses' Wikipedia pages to find out when each went out of business. (Tower Records - 2006, Circuit City - 2009, Borders - 2011)
It turns out CompUSA[1] and Blockbuster[2] are still operating retail stores! Both are now owned by other companies and CompUSA at least has a substantially reduced number of stores, but you can hardly say something "succumbed" when it still exists. This has me questioning whether I want to bother finishing the article.
Re:The largest retailers in the US do not look very healthy
by pyre on Tuesday December 25, 2012 @02:49AM
(#4965423)
Blockbuster still had profitable locations, IIRC. It was the company as a whole that was collapsing. I assume that those locations are probably still profitable now, though maybe not as much as at its apex.
Re:The largest retailers in the US do not look very healthy
by FreeKill on Tuesday December 25, 2012 @04:16AM
(#4965569)
Blockbuster didn't really get trounced by online sales though, it was more they didn't adapt their business model to account for the convenience and cost savings of services like netflix. Blockbuster is more a victim of poor management than anything else.
Re:The largest retailers in the US do not look very healthy
by Sayter on Tuesday December 25, 2012 @07:02AM
(#4965817)
Given that CompUSA was purchased by TigerDirect, it would still qualify as an example that fits the article's narrative of physical retailers succumbing to online retailers.
Re:The largest retailers in the US do not look very healthy
by pixl97 on Tuesday December 25, 2012 @12:25AM
(#4965169)
The city I live in is building strip malls at an insane rate while the existing ones have a higher vacancy rate then I have ever seen. A few at the best locations will fill most of the slots, but the rest might have 50% capacity. Who is loaning money for this? Do they think that this capacity will be filled at some point in the distant future?
Re:The largest retailers in the US do not look very healthy
by prostoalex on Tuesday December 25, 2012 @06:51AM
(#4965808)
There's usually some gap between sourcing the site, buying out the land necessary for build-up, obtaining permits, obtaining financing, getting the headliner to (soft) commit, and build things out. Sometimes, as you point out, the economic environment changes in-between those stages.
Re:The largest retailers in the US do not look very healthy
by ryanackley on Tuesday December 25, 2012 @05:49AM
(#4965742)
Online clothing stores as they exist today will never replace brick and mortar stores.
I will always want to try on clothes before buying them unless I'm feeling really generous with my money and time. I don't like having to go to the post office to return stuff. Online clothing as it exists today seems to me like a form of roulette.
Build an iphone app that can take a picture of me and show me what I'll look like in a certain outfit and give me a perfect tailored fit every time and you can disrupt brick and mortar clothing stores.
Re:The largest retailers in the US do not look very healthy
by prostoalex on Tuesday December 25, 2012 @06:57AM
(#4965812)
What about http://me-ality.com/locations
Unless your measurements change drastically (lose/gain weight, grow up), a visit to one of those booths once a year should suffice for all online shopping needs.
Re:The largest retailers in the US do not look very healthy
by plorkyeran on Tuesday December 25, 2012 @09:49AM
(#4966079)
It works much better with javascript disabled, and as a bonus you get to be amused by the incredible false claim that "QZ.com works best with Javascript enabled."
The most uncanny of the stores, what I like to think of as the Zombie Leader, calls itself the "Furniture Depot," and as you may have guessed is built in the corpse of a Home Depot. The new residents only fill a small part of the cavernous building. The disused portion has all of its aisles removed and its lights turned off, and so it stretches backwards seemingly forever, disappearing into the darkness. Home Depots are huge.
And the thing of it is, it would likely be kind of expensive to shoot a zombie movie here.
And there's still room for specialty retailers. Somehow the two highest revenue/square foot stores didn't make it into these tables.
Yes, the traditional 50+ store indoor mall is a dinosaur, and there will be fewer and fewer of them each year. No, Americans are not going to stop shopping IRL.
It has to be something that you'd never buy online, or that has some major advantage to physically handling before purchase... or maybe some sort of service.
> A number of physical retailers have already succumbed to online competition including Circuit City, Borders, CompUSA, Tower Records and Blockbuster
I was curious about the timeline of these closures so I opened all five businesses' Wikipedia pages to find out when each went out of business. (Tower Records - 2006, Circuit City - 2009, Borders - 2011)
It turns out CompUSA[1] and Blockbuster[2] are still operating retail stores! Both are now owned by other companies and CompUSA at least has a substantially reduced number of stores, but you can hardly say something "succumbed" when it still exists. This has me questioning whether I want to bother finishing the article.
[1] http://www.compusa.com/retailstores/compusaStores/index.asp
[2] http://www.blockbuster.com/stores/storelocator
I will always want to try on clothes before buying them unless I'm feeling really generous with my money and time. I don't like having to go to the post office to return stuff. Online clothing as it exists today seems to me like a form of roulette.
Build an iphone app that can take a picture of me and show me what I'll look like in a certain outfit and give me a perfect tailored fit every time and you can disrupt brick and mortar clothing stores.
But you can still read it through instapaper.